Why isn’t Wall Street in Jail?
The link on this story is a truly disgusting example of what’s so terribly wrong in this nation. Real Americans are struggling while the oligarchs can count on taking hundreds of millions…
While the banks and Wall Street were busy taking away lines of credit from small businesses, terminating home equity lines of credit for homeowners, and ensuring average Americans were left high and dry, apparently they had plenty coming in courtesy of Uncle Fed. This is treason against the people- REVOLT TODAY.
But the federal aid they received actually falls under a broader category of bailout initiatives, designed and perfected by Federal Reserve chief Ben Bernanke and Treasury Secretary Timothy Geithner, called “giving already stinking rich people gobs of money for no fucking reason at all.”
MATT TAIBBI
And one year after Matt Taibbi’s expose’ on TALF, former FDIC Chair Sheila Bair suggests that every household in America should be allowed to join the investor class by receiving 10 million dollars from the Fed (in the same manner as TALF.) You gotta love Sheila Bair’s proposed cure for the economy:
https://www.washingtonpost.com/opinions/fix-income-inequality-with-10-million-loans-for-everyone/2012/04/13/gIQATUQAFT_story.html