Wall Street’s Pre-Bailout Bailout

Wall Street’s Pre-Bailout Bailout

Remember the 2008 Wall Street bailout?  Poor Wall Street–if the hard working American tax payers didn’t give it billions in loans, it would have tumbled to the ground bringing us all down with it.  Doom!  Gloom!  End times!  But ….why did Wall Street need a bailout when, according to Bloomberg.com, it, and others, were already getting billions, no wait, TRILLIONS in loads from the federal government, a.k.a. our tax money?  Could it have possibly been a….manufactured crisis?  We seem to be having a lot of those lately.

How is it that the federal government never seems to have a shortage of money to give to those that already have it; talks of deficit never seem to come up under those circumstances.  Yet, the very people who are actually providing that money through their blood, sweat and tears, are threatened with having the very basics of what makes us a civil society (education, social security, medicare, etc) taken away on a daily basis.  When it comes to giving the tax payers what they have already paid for, the national debt is of biblical proportions and the world is about to collapse, yet when it comes to giving trillions to big greedy corporations, it’s just a wink and nod.

Read the full article here:  http://www.bloomberg.com/news/2011-08-21/wall-street-aristocracy-got-1-2-trillion-in-fed-s-secret-loans.html

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