Michel Chossudovsky | 011409 Public Lecture "The Global Financial Crisis" 7/8

[ngonea]

Entitlements for the rich and nothing for the working poor who are the ones who actually create wealth, that they then steal from us and then blame us for being poor and unemployed.

Is this hell?

[benjis007]

nice observation that is seldom said: we give these bailouts to the financial institutions, then what do they do: they go and buy other banks. They consolidate power with our help (taxdollars / political support)! This is a financial coup

[camb702]

Fraud might be a more appropriate noun.

Of course the most absurd aspect in all of this is the taxpayer is effectively financing these insolvent institutions to foreclose on them.