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Monday, June 11, 2012
A Study Shows That America's Biggest Banks Would Need Another $500 Billion Bailout Should Our Economy Fail Again
That $500 billion number is nearly equal to what the banksters at the top 6 banks got back in 2008 to prevent an economic calamity. "Too Big to Fail" is even bigger today – as Republicans in the House defund critical Wall Street reforms and cut spending for market regulators. Lather, rinse, and repeat.
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2 comments:
Hey taxpayers (the few of us remaining) how do you like bailing out foreign countries? The COngressional report revealed that billions of the bailout went overseas --Obama is redistrubuting American wealth to other countries thanks to the Treasury Department.
$500 billion is only about half of what Obama wasted on his "stimulis" bill that did absolutely nothing except fund public sector union pensions.
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