This is a remix of two shows, the first was aired on October 4th. 2008 on KLBJ Radio, Austin This was one day after the TARP Deal was officially put into place. The second part of this remix is from October 15th. where Andrew Gause, the sleuth that he was, discovered all kinds of strange activity with the Banks, the FED and the Treasury that had been hidden from the public TARP. They were essentially “Cooking the Books.”
Are we shocked?
President Obama was about to be elected in November 2, 2008. Lehman Brothers and AIG crashed and burned in September of 2008. John McCain suspended his campaign against Obama to come to Washington D.C. to deal with the potential collapse.
All those present reported Mr. McCain messed up the situation rather than helped, and critics suggest he did this as a campaign stunt.
The Troubled Asset Relief Program, or TARP, was a U.S. economic program designed to ward off the nation’s mortgage and financial crisis, known as the Great Recession. Signed on October 3, 2008, by President George W. Bush, TARP allowed the Department of the Treasury to pump money into failing banks and other businesses by purchasing assets and equity.
Under this initiative, the U.S. government bought preferred stock in eight major banks, including:
Bank of America/Merrill Lynch
Bank of New York Mellon
You can reach Andrew’s company, SDL at 800.468.2646
Andrew Gause with a remix of several shows on TARP and the cloak and dagger stuff the FED was doing from October, 2008