DISQUS

AMERICAblog: US guaranteed $4.3 trillion during financial crisis

  • waguy · 1 month ago
    Ilargi at The Automatic Earth has a great essay concerning this:

    http://theautomaticearth.blogspot.com/2009/11/n...
  • LLDEM · 1 month ago
    Q: What do you call 1000 wall street bankers at the bottom of the Hudson River?

    A: A good start
  • libertydan · 1 month ago
    This going to kill the dollar, yall keep blaming wall street but this only shows it's really a government problem!
  • Busboy · 1 month ago
    "Bailing out bankers" What a great presidential legacy for presidents Bush and Obama. Wow!, that's really important to the working stiff who just lost his job and is wondering how to feed his family. Good luck to whoever wants that as a rallying cry...
  • the crustybastard · 1 month ago
    "Too big to fail." That was the reason why our leaders took money out of your accounts to put it in theirs.

    "Too big to fail." That was the reason why our leaders compelled some huge financial institutions to absorb others. Last year, there were 5 major investment banks: Bear Stearnes; Goldman Sachs; Lehman Bros.; Merrill Lynch; Morgan Stanley.

    Now Goldman and Morgan Stanley remain. They are now "Waaaaay too fucking big to fail."

    It is, of course, purely coincidental that this assimilation policy was driven by a former key employee of Goldman.

    Nothing to see here, citizen. Move along.