Michael S. Rozeff reveals what the bailout is all about:
Some large banks are probably the main beneficiaries. Their asset quality improves while the Fed’s asset quality diminishes. The bank’s financing (its sources of funds, its own liabilities and equity on the right-hand side of its balance sheet) has now changed. The Fed has become a major creditor of the bank.
The Fed has thus partially nationalized these banks. By injecting $200 billion, it has become a major virtual “owner” of the banks. $200 billion is a significant number compared to the net worth (equity) of the banking system, and that number may grow.
One more step towards full-blown fascism down, very few left to go.