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Secrets and Lies of the Bailout


By Patrick   Follow   Wed, 9 Jan 2013, 12:44pm PST   184 views   0 comments   Watch (0)   Share   Quote   Permalink   Like   Dislike  

http://www.rollingstone.com/politics/news/secret-and-lies-of-the-bailout-20130104

Treasury Secretary Hank Paulson, committed $700 billion in taxpayer money to rescue Wall Street from its own chicanery and greed. To listen to the bankers and their allies in Washington tell it, you'd think the bailout was the best thing to hit the American economy since the invention of the assembly line. Not only did it prevent another Great Depression, we've been told, but the money has all been paid back, and the government even made a profit. No harm, no foul – right? Wrong. It was all a lie – one of the biggest and most elaborate falsehoods ever...

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