Sanders Releases Explosive Bailout List

[girl gone mad]

9. Wrong.

A loan at 0% or any rate well below market rates at a time when the market was wholly unwilling to lend to these insolvent institutions amounts to a massive gift from the taxpayers to the corrupt, fraud-happy banks. Every time the money was loaned it was put at risk. When you side up to the roulette table 1,000 times, maybe you have a gambling addiction.

The fact that these banks had to depend on these massive loans is an indication of just how deep their losses were and how broken their business models had become.

You've defended Wall Street's looting from the very beginning, and you have been wrong. The economy wasn't fixed by the bailouts, it was further damaged. We aren't recovering because we saved these parasites, we are worse off for our leaders having taken such irresponsible actions.