Business news without the bullshit

"We can't keep track of all the money

we're shoveling at the corrupt
incompetent banks that have us hostage"

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Is he f**** ing serious?

Japan had a similar problem after it's Fraud Party hit the wall.

Banks had made a lot of bad loans to Yakuza and flat out would not report them thus distorting anyone's ability to assess the condition of the banking system.

As always, the American gangsters have proven to be a lot more subtle in their criminality, but in essence it's the same.

A criminal element has in essence hijacked the banking system and the government (or the privately owned Fed) cannot or will not do anything about it.

By the way, the number is $89 BILLION. That's how much the Fed has GIVEN (not loaned, given) the too-big-to-fail banks in the US to replace the profits they lost by conducting their businesses like drunken morons.