Too Big to Fail Part Deux
Roy Rolling
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Wed Nov-30-11 12:12 PM
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Too Big to Fail Part Deux |
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So the U.S. Federal Reserve Bank and other countries decided to aid the banks in Europe rather than let "the marketplace" solve its own problems. The result? The 1% that own 50% of all common stocks get a big boost from taxpayer money supporting their bad banking practices.
At the same time, the America Gestapo conducts dead-of-night raids on those who protest the practice of socializing banking losses but capitalizing profits and paying out big bonuses.
But since most people don't understand this is "too big to fail" part 2 they can get away with it.
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