Friday, October 21, 2011

Dylan Ratigan calls the 2008-9 bank bailout the greatest theft in history

An interesting analysis of the bank bailouts - a process which began during the Bush43 administration.  There was fraudulent banking going on, fictitiously inflating the value of bad securities, and the problem hit hard when the regulators said "wait a minute" and revalued everything to its proper value.  The bad debt was then transferred to the taxpayers, but the people who created the bad system still got their yearly bonuses.