TARP and the SPLC

Remember the reason for TARP? It was to buy the banks toxic assets. Almost one year later, not one toxic asset has been bought with that fund.

They bought a couple car companies, gave money to Hedge fund companies and credit card companies that declared themselves banks to get some cash. It seems they have done everything except what the fund was intended for.

Toxic Loans Topping 5% May Push 150 Banks to Point of No Return

“These numbers are off the charts,” said Blake Howells, an analyst at Becker Capital Management in Portland, Oregon, referring to the nonperforming loan levels at companies he follows. Banks are losing the “ability to try and earn their way through the cycle,

It would seem that only the banks that have close ties to the Federal Reserve got a financial infusion. Lets take JP Morgon Chase for instance. Back in 1913, Mr Morgon was one of the founders of the Federal Reserve.

Looks suspicious to me. So expect a lot of bank closures this fall.

But here is what I really want to talk about today.

From ABC news today: Fear for Obama's Safety Grows as Hate Groups Thrive on Racial Backlash

"I don't think these are simply people who are mentally ill or off their rocker," Mark Potok, director of the Intelligence Project at the Southern Poverty Law Center, told ABC News of those behind the threats. "In a very real sense they represent a genuine reaction, a genuine backlash against Obama."

Remember yesterday, when we discovered that the DHS report was largely written using the Southern Poverty Law Center's web site? Now the SPLC is using that report to enhance their claims. And again, in this article, the EXPERTS who track these things is the SPLC, who again is not mentioned.

It seems that there is an active campaign to inject racism into the country, to try to divide and conquer. The media is fueling this none sense.

The article sights 4 seperate incidents around the country, of four nut jobs to back up their claims.

It's certainly a scary time, said former FBI agent Brad Garrett, now an ABC News consultant. Garrett said the Secret Service "cannot afford to pass on anyone, and he believes they really do fear that something could happen to [Obama].

I thought the Secret Service always took all treats seriously.

And blame the right:

Garrett said statements like one recently made by controversial radio host Rush Limbaugh comparing a logo for the White House plan to a Nazi symbol legitimizes people who are on the edge to go do something or say something.

And then bury the truth in the article:

Los Angeles police officers apprehended a man Thursday after a standoff with him inside a red Volkswagen Bug car in Westwood, CA – the latest disturbing case even though officials said the man had mental problems.

The Left up to it's usual antics. Just now they control everything.

http://abcnews.go.com/Blotter/story?id=8324481&page=1