“Banks are becoming the whipping boy for the Treasury’s failed policies,” said Joseph Mason, a Louisiana State University professor in Baton Rouge who previously worked at the Treasury’s Office of the Comptroller of the Currency.
Really Mr. Mason? Or has the Treasury become the tool of banks and their failed policies?
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if by “whipping boy” he means “keep screwin up and we’ll keep whippin that money right over to ya”,….. then sure.
We should have not given the banks one dime of taxpayer money. The banks are insolvent and they are crying wolf. I think the markets sent a message to Obama today to let him know who is in charge.