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Showing Original Post only (View all)Matt Taibbi: Secret and Lies of the Bailout [View all]
http://www.rollingstone.com/politics/news/secret-and-lies-of-the-bailout-20130104 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.
The result is one of those deals where one wrong decision early on blossoms into a lush nightmare of unintended consequences. We thought we were just letting a friend crash at the house for a few days; we ended up with a family of hillbillies who moved in forever, sleeping nine to a bed and building a meth lab on the front lawn.
The result is one of those deals where one wrong decision early on blossoms into a lush nightmare of unintended consequences. We thought we were just letting a friend crash at the house for a few days; we ended up with a family of hillbillies who moved in forever, sleeping nine to a bed and building a meth lab on the front lawn.
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Matt Taibbi is one of the best and most informed and honest journalists left in
sabrina 1
Jan 2013
#13
Crazy world we live in that you have get your true economic news from Rolling Stone
MightyMopar
Jan 2013
#15