“It was all a lie – one of the biggest and most elaborate falsehoods ever sold to the American people. We were told that the taxpayer was stepping in – only temporarily, mind you – to prop up the economy and save the world from financial catastrophe. What we actually ended up doing was the exact opposite: committing American taxpayers to permanent, blind support of an ungovernable, unregulatable, hyperconcentrated new financial system that exacerbates the greed and inequality that caused the crash, and forces Wall Street banks like Goldman Sachs and Citigroup to increase risk rather than reduce it.”
http://www.rollingstone.com/politics/news/secret-and-lies-of-the-bailout-20130104?print=true
(Visited 42 times, 1 visits today)
Related posts:
Debt: Destroyer of Lives, Businesses, and Countries
Bitcoin Is Not Surging, 'Going Ballistic' Or 'Going On An Astronomical Tear'
James Altucher: How To Break All The Rules And Get Everything You Want
The Land of the Blind: The Illusion of Freedom in America
IRS Reporting Rules for Cash Transactions and Precious Metals
“The Government is US?” Not Unless We’re Citigroup
9/11 happens every day to war torn nations
Internationalizing in Chile
If the Law Is This Complicated, Why Shouldn’t Ignorance Be an Excuse?
The American Empire vs. Your Retirement Prospects
Humans Need Not Apply
Ron Paul: Haven’t We Already Done Enough Damage in Iraq?
Why I Am Leaving California After 52 Years
Sticky Thoughts: The Market, Not The Government, Gave Us Super Glue
The real story behind the demise of America's once-mighty streetcars