Tag Archives: socialism for the rich
If your company needed a bailout for your management mistakes, you would probably be fired. Our financial oligarchs are all still there, making the same mistakes as before. This is a fucking large failure of political economy.
It recently came to light that the Federal Reserve gave secret loans of more than $1.2 trillion to more than 300 financial institutions to keep them from collapse. Add on another $700 billion from TARP, and that was $2 trillion … Continue reading →