Sanders Releases Explosive Bailout List

[coalition_unwilling]

19. The question is not whether an industrial economy needs a banking system - it does -

but whether the rewards to and ownership of that banking system should remain privately controlled when its risks have been socialized. They should not. As a condition of being bailed out, those banks' assets should have been nationalized, share- and bond-holders wiped out.

Let's be clear here: when the banks were bailed out, the primary beneficiaries were the share- and bondholders of those banks. Why that particular segment of the economy gets singled out for favored treatment staggers the imagination.