I am not one to espouse political action or even grass roots rebellion. We are well past that stage, so don't grab your guns and head for the nearest bank president you can find, but I just want you to know how much money has been stolen from you, your kids and your grandkids in the last year.
The government's supposed bailout was to stimulate the economy by giving banks money to lend. Well guess what... the banks have decided they'd rather keep it for themselves than lend it.
In the United States, the rate of growth of lending plunged to minus 3.8% in August 2009 from a positive figure of 8.6% in August 2008. At the end of July this year, [however], US banks were sitting on $729 billion of cash against $1.9 billion in July last year. http://mises.org/story/3697
Still think your government is looking out for your best interest? You'd better wise up. This money will find its way to the pockets of the "haves" while us "have nots" will end up wondering why the bail out didn't work.
IT WAS NEVER SUPPOSED TO WORK! This is a money grab, pure and simple, and your only retaliation is to buy gold; the one thing that the paper monsters have no defence against.