Welcome! Formerly known as Libertas et Memoria, this is my blog on law, politics, faith, culture and the joys of the Inland Northwest.
Friday, February 22, 2013
The ongoing bank bailout the MSM isn't telling you about
Llana Glazer explains it over at David Frum's blog at The Daily Beast: You Are Funding Jamie Dimon's Salary. As Glazer explains, the profits that the big banks are experiencing now is a direct result of massive infusions of government cash courtesy of the Obama administration to the tune of $83 billion. All a product of the "too big to fail" phenomenon. And a prime example of why "too big to fail" should also mean "too big to exist at the expense of the taxpayers."
Labels:
bailout,
debt and finance,
government corruption
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