Just as the Bush regime’s wars have been used to pour billions of dollars into the pockets of its military-security donor base, the Paulson bailout looks like a Bush regime scheme to incur $700 billion in new public debt in order to transfer the money into the coffers of its financial donor base. The US taxpayers will be left with the interest payments in perpetuity (or inflation if the Fed monetizes the debt), and the number of Wall Street billionaires will grow. As for the US and European governments’ purchases of bank shares, that is just a cover for funneling public money into private hands.
When Greed is Rewarded - Government of Thieves
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FTX Trading on Friday filed for Chapter 11 bankruptcy, capping a sudden and startling downfall for...
The US Federal Reserve raised interest rates to a 22-year high on Wednesday as it continued...
