Bailouts for the rich. Barely anything for you.
by Adam Taggart
Chris Martenson’s Peak Prosperity
Award-winning investigative journalist Matt Taibbi penned perhaps the most iconic condemnation of the bankers who created (and subsequently got bailed out during) the Great Financial Crisis:
The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.
Tens years later, we find ourselves facing another crisis which, while triggered by the coronavirus instead of housing loans, has similar roots in a financial system made vulnerable by the unfair plunder of big banks and hedge funds — who are now being bailed out at vastly higher expense than in 2008.
Sadly, it seems we’ve learned very little over the past decade.