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."