User Clip: 8.6 Trillion to prop up failing banks
WHEN TALKING ABOUT CUTTING ENTITLEMENT SPENDING, WE SHOULDN'T FORGET ABOUT WALL STREET ENTITLEMENTS. For more info: www.StandUpForYourRights.me
User-created clip by Mark Hanson
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WHEN TALKING ABOUT CUTTING ENTITLEMENT SPENDING, WE SHOULDN'T FORGET ABOUT WALL STREET ENTITLEMENTS. For more info: www.StandUpForYourRights.me
AS A RESULT, LITTLE HAS BEEN DONE TO PREVENT A REPEAT OF THE FANNIE AND FREDDIE "DISASTERS".
NOBEL PRIZE WINNING ECONOMIST JOE STIGLITZ SAYS BIG BANKS PRIVATIZE PROFITS AND SOCIALIZE LOSSES: "THIS ISN'T CAPITALISM"
MOODY'S SAID BANK OF AMERICA'S CREDIT RATING IS 5 NOTCHES ABOVE WHAT IT WOULD BE WITHOUT GOVERNMENT SUPPORT.
THIS IS NOT CAPITALISM IN ANY SENSE OF THE WORD
Too Big To Fail banks are subsidized and backstopped by the government, therefore they are GSE's like Fannie Mae and Freddie Mac. How did that work out for taxpayers?