11 April 2009

How the Toxic Asset Plan Will Magically Make Your Money Disappear

By Cenk Uygur, Huffington Post
Posted on April 11, 2009, Printed on April 11, 2009
http://www.alternet.org/story/136183/

Under the Treasury Department's toxic asset proposal, the government puts in 85% of the investment in these assets through a loan given by the FDIC. The Treasury puts in another 7.5% of the money and the private investor contributes the final 7.5%

This is a guaranteed way of transferring money from the American taxpayer to the private investors. Let me show you how.

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