Originally Posted by ben willis
I guess that the 1/2 billion dollar "loan" to Solyndra, courtesy of the American tax payers doesn't count. Nor the Gov't bailouts to the banks and auto manufacturers.

The banks do retain foreclosed property, but can only resell it for a fraction of the original loan principle.


All I can say to that is that it doesn't happen in our country...property until the crash always rose in price so nobody but a fool would sell it at less than they paid for it.
If that is not the case in your country then more fool the bankers who loaned more thasn the assets were worth.
Re bailouts...well I have mixed feelings on this...sometimes it is chesaper to bailout than to throw thousands on the dole....but if the parasites had paid their way properly in the first place when times were good then we would have been able to bail them out. If they had worked ethically and responsibly then THEY would not have got themselves in the mess they did.

One question that I cannot find and answer to is where exactly did all those billions go.... cannot have just vanished...someone must have gained from the banks losses....and the money must be somewhere.

I suggest looking in some numbered Swiss or middle east or other tax haven bank accounts. When we now have multi national companies and money laundering on a scale never before seen...secrecy in accounting and banking must be made a thing of the past. Everyone regardless of who or where they are must be accountable for ALL their financial dealings and more important tax liabilities.
It really gets up my nose that some people no matter what the problem try to blame everything on the left or the lazy working class rather than the people who should be blamed and brought to justice......

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