Wall Street Bailouts

Protect Taxpayers Now With a Strong Volcker Rule

Dennis M. Kelleher | Posted 04.14.2012

Read More: Dodd-Frank Act, Hedging, Derivatives, Financial Reform, Bailouts, Derivatives Reform, Derivatives Regulation, Market Making, Big Banks, Paul Volcker, Volcker Rule, Barack Obama, Wall Street Crisis, Proprietary Trading, Wall Street Bailouts, Wall Street, Banks, Financial Crisis, Derivatives Trading, Financial Regulation, Business News
Dennis M. Kelleher

The argument for the Volcker Rule is obvious -- we shouldn't allow risky bets that pay enormous bonuses to bankers if they work, but stick taxpayers with the bill if they fail.

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The Party People of Wall Street

Bill Moyers | Posted 03.31.2012

Read More: Aig, JPMorgan Chase, Davos, Occupy Wall Street, Bear Stearns, World Economic Summit, Occupy Wall Street Movement, Kappa Beta Phi, Wall Street Bailouts, Bailouts, Wall Street Reform, Business News
Bill Moyers

A week or so ago, we read about what in the Gilded Age of the Roman Empire was known as a bacchanal -- a big blowout at which the imperial swells got together and whooped it up. This one occurred here in Manhattan at the annual black-tie dinner and induction ceremony for Kappa Beta Phi.

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How the Wall Street Journal Misleads About Federal Jobs

Jeffrey Sachs | Posted 03.15.2012

Read More: Unemployment, Big Government, Federal Employment, Tax Cuts, Bank Regulation, Government Services, Wall Street Bailouts, 99 Percent, 1 Percentl, Wall Street Journa, Media News
Jeffrey Sachs

For government services that count for the 99 percent, the federal government is shrinking, alas, no matter which phony figures the Wall Street Journal throws our way.

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The World's Richest Man Attacks Wall Street Bailouts

Posted 12.25.2011

Read More: Occupy Wall Street Carlos Slim, Video, Income Taxes, Bailouts Slim, Wall Street Bailouts, Occupy Wall Street, Mexican Billionaire, Carlos Slim, Business News

By Robert Frank of the Wall Street Journal The Wall Street bailouts have been a chief target of criticism by the Occupy Wall Streeters. Now anot...

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What Quantitative Easing Really Means

Ismael Hossein-zadeh | Posted 10.21.2011

Read More: Quantitative Easing, Wall Street Europe, Quantitative Easing Bailouts, Wall Street Bailouts, Quantitative Easing Banks, Bank Bailouts, Wall Street Policy, Quantitative Easing Finance, Quantitative Easing Europe, Business News
Ismael Hossein-zadeh

Not only did Wall Street gamblers bail themselves out by means of $16 trillion of taxpayer money, but now they are also showering themselves with additional trillions of QE dollars to grow even richer.

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Bank of America: Too Big to Follow the Law

Don McNay | Posted 08.29.2011

Read More: President George W Bush, Move Your Money, Burger King, Bank of America, The Fed, Wall Street Bailouts, Whopper, Merrill Lynch, Bank of America Settlement, Wall Street, Henry Paulson, Banks, Ben Bernanke, Bank of America Bailout, Too Big to Fail, Business News
Don McNay

Take from your money from places like Bank of America and move them banks and credit unions in your community. To my knowledge, none of them have paid a $8.5 billion settlement.

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The Economic Hangover: Part Two

Don McNay | Posted 08.08.2011

Read More: Elizabeth Warren, Teddy Roosevelt, Harry Truman, Bailouts, Main Street, Obama, Robber Barrons, Wall Street Bailouts, Goldman Sachs, Aig, Pete Mahurin, John Edwards, Move Your Money, Timothy Geithner, Wall Street, Great Depression, Citigroup, Third World America, Kentucky, Joe Nocera, Iceland Economic Crisis, Credit Cards, Vanderbilt University, Justice Department, Inside Job, Banks, New York Times, Ben Bernanke, Personal Finance, The Fed, Economic Crisis, Business News
Don McNay

The bailout and stimulus money allowed us to limp along for a couple of years. Now we are back to where we started, but worse, since we borrowed trillions to pay for it.

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The Person We Should Be Moving Our Money to

Don McNay | Posted 05.28.2011

Read More: Cecilia Ky, Grayson County Ky, Hilliard Lyons, Capital One, Mayfield Ky, Kentucky Democratic Party, Main Street, Short Creek Ky, What to Do When You Win the Lottery, Alec Baldwin, Arianna Huffington, Sara Ackerman, Goldman Sachs, Jim Gray, Pete Mahurin, Lexington KY, Richmond Ky, Peter Mahurin, Gray Construction, Al Smith, Debts, Tea Party, American College, Western Kentucky University, Lexington, Dixie Mahurin, Lloyd Blankfein, Structured Settlement, Msfs, Republican National Committee, Rand Paul, Elizabethtown KY, Chfc, Physics, Ivy League, Kentucky, Don McNay, Democratic National Committee, Move Your Money, CBS Evening News, Clu, Senator Rand Paul, Credit Cards, Louisville, Wall Street Bailouts, Wall Street, Vanderbilt University, Investment, Albany Ky, Banking, Eastern Kentucky University, Million Dollar Round Table, Banks, Bowling Green Ky, Personal Finance, Cssc, Brokerage Houses, Business News
Don McNay

Over 4 million people moved their money from Wall Street Banks in 2010, according to Sara Ackerman, project coordinator for Move Your Money. I bought...

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Poverty Rises as Wall Street Billionaires Whine

Les Leopold | Posted 05.25.2011

Read More: GI Bill, Poverty, Unemployment, Wall Street, Bailout, Wall Street Bailouts, Hedge Funds, Financial Reform, Poverty Rates, Financial Crisis, Billionaires, Great Depression, Energy Debates, Business News
Les Leopold

You'd think the Wall Street moguls would be thankful. Not just thankful -- down on their knees kissing the ground taxpayers walk on and hollering hallelujah at the top of their lungs! Instead, they're back to hauling in obscene profits.

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Money and the Magic Pill

Don McNay | Posted 05.25.2011

Read More: Kentucky Guardianship Administrators, Community Banks, Medical Professionals, Bailouts, Millonaire Next Door, Diet, Magic Pill, Lexington KY, Richmond Ky, Move Your Money Campaign, Budgets, Wall Street, Lottery Winners, Personal Finance, McNay Settlement Group, Msfs, Lotteries, Dr. Thomas Stanley, Good Time Charlie's Got the Blues, Chfc, Healthy Lifestyle, Too Big to Fail Banks, Move Your Money, Kentucky, Don McNay, Vanderbilt Universtiy, Main Street, Structured Settlements, Clu, Dave Ramsey, Credit Cards, Wall Street Bailouts, Suzi Orman, Eastern Kentucky University, Get Rich Quickly, Banks, Million Dollar Round Table, Certified Structured Settlement Consultant, Doctors, Cssc, Jefferson Airplane, Credit Unions, Business News
Don McNay

Right now, the top six "too big to fail" banks control about 70% of the wealth in America. Here's how we can all change that.

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Was "Financial Reform" Really Robin Hood In Reverse?

Don McNay | Posted 05.25.2011

Read More: President Obama, Liqour Stores, Community Banks, Bailouts, Jamie Dimon, Robin Hood, What to Do When You Win the Lottery, Paul Volcker, Lawrence Summers, Wal-Mart, Reverse Robin Hood, Gary Rivlin, Harvard, Lexington KY, Broke USA, Richmond Ky, Citibank, Move Your Money Campaign, George Bailey, Wall Street, Dr Lawrene Summers, McNay Settlement Group, JP Morgan Chase, Msfs, Its a Wonderful Life, Payday Lending, Citigroup, Bill Clinton, Lottery, Mcnay, Chfc, Financial Reform, Move Your Money, Kentucky, Don McNay, Barack Obama, Checking Account Fees, Main Street, Clu, Structured Settlements, Financial Reform Bill, Credit Cards, Poverty Industry, Wall Street Bailouts, Vanderbilt University, Casino, Million Dollar Round Table, Eastern Kentucky University, Son of a Son of a Gambler, Banks, Gram Parsons, Glass-Steagall Act, Certified Structured Settlement Consultant, Arianna Huffington, Cssc, Huffington Post, Too Big to Fail, Credit Unions, Business News
Don McNay

"Financial Reform" will be a boom for people in the payday loan business. There will be many new customers who need bank-like services. It's almost like Congress implemented a plan of "Reverse Robin Hood."

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Citi Field: Baseball's Symbol of Why You Should Move Your Money

Don McNay | Posted 05.25.2011

Read More: Howard Kurtz, Kentucky Guardianship Administrators, Community Banks, Bailouts, Citi Field, MCI Center, Cincinnati, donmcnay.com, Baltimore Colts, Ticket to Ride, Balitmore Ravens, Alan Stein, Goldman Sachs, Enron Field, Reliable Sources, Mike Wilbon, Move Your Money Campaign, Houston, American College, Wall Street, Stadium Financing, Lottery Winners, Lexington, McNay Settlement Group, Msfs, moveyourmoney.info, Baseball, Chfc, Enron, Cleveland Browns, Cincinnati Reds, Move Your Money, Don McNay, Lexington Legends, Congress, New York Mets, New York City, What to Do When You Win the Lottery, Clu, Indianapolis Colts, Cnn, Wall Street Bailouts, Verizon Center, Espn, LeBron James, Vanderbilt University, PSI Net, The Beatles, Million Dollar Round Table, Son of a Son of a Gambler, Eastern Kentucky University, Banks, Arianna Huffington, Personal Finance, Cssc, Huffington Post, Kentucky Community Banks, Too Big to Fail, Citigroup, Mlb, All Star Game, Sports, MLB All Star Game, Business News
Don McNay

Houston was able to find a stadium sponsor to replace Enron. A city as big as New York should be able to find a sponsor for the Mets' field that is not funded by the American taxpayers.

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Lay the Favorite and Wall Street Ethics

Don McNay | Posted 05.25.2011

Read More: Lay the Favorite, The Bookie, Goldman Sachs, Richmond Ky, Wall Street, Beth Raymer, Gary Mayer, Las Vegas, Bobby Sherman, Wall Street Ethics, Professional Gambling, Wall Street Bailouts, Son of a Son of a Gambler, Books News
Don McNay

Lay The Favorite is Beth Raymer's debut book that revolves around her life as an assistant to a professional gambler in Las Vegas. I recommend it. And I hope the author can someday get past her lack of ethics and conscience.

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New York Times Does Not Understand Main Street

Don McNay | Posted 05.25.2011

Read More: Douglastown NY, Kentucky Guardianship Administrators, Senate Minority Leader, Bailouts, Queens Ny, Counterparties, Dartmouth, Roger Ailes, Arianna Huffington, Bee Gees, Richmond Ky, Andrew Ross Sorkin, David Herszenhorn, McNay Settlement Group, New York Times Editors, Thomas Friedman, Bp, Time Magazine, Books, Washington Elites, Too Big to Fail, Michael Lewis, Joe Nocera, Fox Business News, Main Street Media, Clu, Louisville, Million Dollar Round Table, Banks, Ben Bernanke, Lyndon Johnson, mcnay.com, Senator Mitch McConnell, New Orleans, Institute for Rural Journalism and Community Issues, Mitch McConnell, President Obama, The Big Short, Main Street, donmcnay.com, Flushing, Msnbc, Oil Spill, ProCon.Org, Move Your Money Campaign, American College, Personal Finance, Lexington, Greed, Msfs, Louisiana, Chfc, Move Your Money, Kentucky, British Petroleum, Queens, Don McNay, Cnn, Wall Street, Wall Street Bailouts, Vanderbilt University, New York Elites, Eastern Kentucky University, New York Times, Fox News, University of Kentucky, Cssc, Rural Blog, Media News
Don McNay

Reporting that Main Street was complicit in the financial meltdown is like blaming a murder victim for being in the wrong place at the wrong time.

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Weekly Audit: Congress to take up financial reform, but will it be strong enough?

The Media Consortium | Posted 05.25.2011

Read More: Tarp, Noam Chomsky, Tbtf, American Forum, Christopher Hayes, Bailouts, Jobs, Federal Reserve, The Nation, Unemployment Rate, Wall Street Bailouts, Alternet, Steve Benen, Wall Street Reform, Unemployment, Mother Jones, Cfpa, Andy Kroll, Simon Johnson, Bank Bailout, In These Times, Wall Street, Chase, Occ, Financial Reform, JPMorgan Chase, Margaret Dorfman, Bank Bailouts, Mountaintop Removal, Too Big to Fail, Jpmorgan, Economy, Home News
The Media Consortium

by Zach Carter, Media Consortium blogger Next week, the debate over financial reform will begin in earnest when Congress returns from its Easter break...

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Wall Street and Legalized Loan Sharks

Don McNay | Posted 05.25.2011

Read More: Elizabeth Warren, Gamblers, Lobbyists, Addictions, Bailouts, Bribery, What to Do When You Win the Lottery, Legislatures, Northern Kentucky, Don Donoher, Donoher Center, Columbus Ohio, University of Dayton Basketball, Consumer Protection Agency, Gary Rivlan, Bill Faith, Dayton Kentucky, Bad Reputation, Wall Street, New York Stock Exchange, Lottery Winners, North Carolina, JP Morgan Chase, Drug Addicts, Citigroup, Mcnay, Ollie McNay, Loan Sharks, Too Big to Fail Banks, Bishop Fenwick High School, Pawnshops, Joe Nocera, Syndicate Wife, Joe McNay, Joan Jett, Tax Refund Modification Loans, Clu, High Interest, Louisville, Jackson Hewitt, Hustlers, Million Dollar Round Table, Son of a Son of a Gambler, Paycheck to Paycheck, Hank Messick, A Piece of the Action, Dayton Ohio, Ohio River, University of Dayton, Frank "Screw" Andrews, Main Street, Entrepreneurs, donmcnay.com, Bank of America, Martin Eakes, Broke USA, Legalized Loan Sharks, Political Fundraising, American College, Personal Finance, Lexington, Covington Kentucky, Msfs, Chfc, Payday Lenders, Short Term Loans, Msm, Kentucky, Don McNay, Nasdaq, Prostitutes, Working Poor, Screw Andrews, Poverty Industry, Wall Street Bailouts, Vanderbilt University, Loan Sharking, Newport Kentucky, Eastern Kentucky University, New York Times, Cssc, Too Big to Fail, Books News
Don McNay

Gary Rivlan notes in his book, Broke USA, "the working poor have become big business." You wouldn't think that poor people would be a growth market, but businesses make big money off people who live paycheck to paycheck.

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Shahien Nasiripour

Volcker: Regulators Can't Be Trusted To Act

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Christopher Dodd, Volcker Rules, Regulatory Reform, Bailouts, Wall Street Reform, Financial Reform, Frank Bill, Barney Frank, Tbtf, Wall Street Bailouts, Financial Crisis, Dodd Bill, Paul Volcker, Wall Street, Too Big to Fail, The Financial Fix, Business News

Former Federal Reserve Chairman Paul A. Volcker criticized bank regulators Wednesday, saying Congress needs to specifically act to rein in Wall Street...

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Fake Fears and Why You (Probably) Believe in Them

Deepak Chopra | Posted 11.17.2011

Read More: Recession Fears, Al-Qaeda, Wall Street Bailouts, Economy, Public Fear, Healthy Living News
Deepak Chopra

The frisson of bad news creates a momentary high, but in the long run fear is our enemy, as it has always been.

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2010: The Year Main Street Sticks It to Wall Street and Washington

Don McNay | Posted 05.25.2011

Read More: Mid Term Elections, Upheaval, Congress, Kentucky Guardianship Administrators, Hank Paulson, Lobbyists, Bailouts, Consumer Spending, Big Money, Roger Ailes, Lawrence Summers, Arianna Huffington, State Legislature, Cnbc, Economic Pain, Unemployed, Lexington KY, Spending Cuts, Wall Street-Washington, Andrew Ross Sorkin, Timothy Geithner, Kenneth Feinberg, Inside the Beltway, McNay Settlement Group, Incumbants, Republican National Committee, City Council, High Unemployment, Ky, Willie Stark, Democratic National Committee, Pay Czar, Fox Business News, Clu, Anger, Louisville, Million Dollar Round Table, Ben Bernanke, Alan Greenspan, Bonuses, Czars, Jefferson Airplane, Small Business, President Obama, Congressional Elections, 2010 Elections, Washington, Main Street, donmcnay.com, Tea Parties, Msnbc, Unemployment, Tea Baggers, All the Kings Men, Rural Journalism, Financial Crisis, Housing Crisis, Running for Office, President Bush, Richmond, American College, Incumbant Politican, Personal Finance, Msfs, Chfc, Small Towns, Kentucky, Don McNay, www.mcnay.com, Structured Settlements, Layoffs, Wall Street Bailouts, Wall Street, Vanderbilt University, Robert Penn Warren, Self Dealing, Eastern Kentucky University, Fox News, Certified Structured Settlement Consultant, Glenn Beck, Cssc, Too Big to Fail, Bill O'Reilly, Elections 2010, Business News
Don McNay

If anyone has ever dreamed of being an office holder, 2010 is the year to do it. There are going to be several situations where voters elect a complete unknown, just to express their anger about the incumbent.

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Postage and Other Economic Outrages Against Soldiers

Don McNay | Posted 05.25.2011

Read More: Military Families, US Soldiers in Afghanistan, Kentucky Guardianship Administrators, Working Class Families, Economic War, Bailouts, Christmas, Armed Services Committee, Fahrenheit 9/11, Working Class, Fort Campbell, Cnbc, Media Cycle, US Armed Services, Mutual Funds, Diana Henriques, Military, Army, Richmond Ky, Tiger Woods, HR 707, Check Cashing Companies, Air Force Marines, Postal Service, Navy, McNay Settlement Group, Popcorn, US Soldiers, Weapons of Mass Destruction, Federal Express, Postage Stamp, Senate Armed Services Committee, Congress, Support Troops, Fox Business News, House Armed Services Committee, Clu, Tiger Woods Mistresses, Soldiers, The American College, Lonely Soldier, Million Dollar Round Table, Fidelity Destiny Fund, NY Times, War Zone, Bobby Vinton, Ups, HR 2126, US Military, Main Street, Stars and Stripes, Iraq, Walter Reed Army Medical Center, Fox, Media, Kentucky Guardianship Administrators LLC, Peter Lynch, Wall Street Bailouts, Unemployment, Postage, Financial Crisis, Trillion Dollar Deficits, Lily Tomlin, US Soldiers Iraq, Lexington, Fidelity Investments, Structured Settlement, Msfs, Chfc, Economic Crisis, Payday Lenders, Body Armor, Kentucky, Don McNay, Fort Knox, Usps, Contractual Mutual Fund, Dhl, Tiger Woods Affair, Letters, House Armed Service Committee, Cnn, Wall Street, Vanderbilt University, Tax Refund Anticipation Loans, Eastern Kentucky University, Certified Structured Settlement Consultant, Afghanistan, Michael Moore, Cssc, Annuity, Life Insurance, Too Big to Fail, Body Bag, Annuites, Walter Reed, hb404, Business News
Don McNay

America ships soldiers off to Afghanistan and Iraq for free. If you come back in a body bag, they ship that back for free, too. However, we make families who send soldiers socks, food and underwear pay shipping costs.

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Happiness in the Post-Shopping Economy

Don McNay | Posted 05.25.2011

Read More: Lobbyists, Addictions, Bailouts, Consumer Spending, Wall Street Lobbyists, Big Money, Economic Recovery, McNay Settlement Group, Citigroup, 12 Steps, Civic Activities, Congress, New York Times Poll, Clu, Low Carb, Michael Pollan, Louisville, New Economy, Cooking, Washington, Main Street, Rehab, Bank of America, Dieting, Structured Settlement, Lotteries, Facebook, Religion, Credit Cards, Dining Out, Food Inc, Wall Street, Wall Street Bailouts, Tax Refund Anticipation Loans, Control of Life, New York Times, Cssc, Too Big to Fail, Business News
Don McNay

My late mother used shopping as a hobby. If she were still alive, I wonder if she would be looking for something else to occupy her time. It seems many Americans are.

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It's Time to Teach Children About Money

Don McNay | Posted 05.25.2011

Read More: Keen Johnson, Kentucky Governor, Kentucky Guardianship Administrators, Children, Have and Have Nots, School Curriculum, Rowman & Littlefield, Cell Phone, Gambling, Bailout, Lexington KY, Dollar, Grade School, Timothy Geithner, Happy Chandler, Financial Meltdown, Great Depression, McNay Settlement Group, Ipod, Educators, Ky, Clu, Savings Rate, Education, Louisville, Son of a Son of a Gambler, Million Dollar Round Table, High School, Ben Bernanke, Teachers, Investments, John Mellencamp, Frugal, Main Street, Darwin, Keen Babbage, Financial Crisis, The American College, Richmond, Personal Finance, Impact, Casinos, Msfs, Structured Settlement, Lottery, Chfc, Handling Money, Kentucky, Payday Loans, Don McNay, Hank Paulsen, Slot Machines, Recession, Henry Clay High School, Credit Cards, Wall Street Bailouts, Wall Street, Vanderbilt University, Eastern Kentucky University, Certified Structured Settlement Consultant, Cssc, Extreme Economics, Too Big to Fail, Payday Leading, Business News
Don McNay

I'm convinced that most of the mistakes made handling money result from lack of information and bad habits formed in childhood.

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Latino Families' Fight for Banking Reform

Janet Murguía | Posted 05.25.2011

Read More: Debt, Weak Oversight, Auto Dealers, Job Loss, NCLR's Wealth-Building Policy Project, Nclr, Damaging Payday Loans, Cycles of Debt, Deceptive Lending Practices, Declaw Legislation, Wall Street Bailouts, Latino Families, Accountable, Janis Bowdler, Great Recession, Enforcement, Foreclosure, Housing Counselors, Mortgage Brokers, Small-Dollar Lenders, Greed, High-Rate Credit Cards, Oversight, Devastating Consequences, Innovative Financial Products, Limited Accountability, Economic Turmoil, Subprime Loans, Toxic Mortgages, Protections, Deception, Access to Credit, Product Vendors, Positive Innovations, Banking Reform, Politics News
Janet Murguía

One of the most devastating consequences of today's economic turmoil is the large-scale loss of nearly a generation of wealth among Latino homeowners.

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Andrew Ross Sorkin Daily Show Interview: Take The Crack Pipe Away From Wall Street (VIDEO)

Huffington Post | Nicholas Graham | Posted 05.25.2011

Read More: Wall Street, Jon Stewart, Too Big to Fail, Authors, Andrew Ross Sorkin, Author Interviews, Bank Bailouts, Books, Wall Street Bailouts, The Daily Show, Bailouts, Books News

Andrew Ross Sorkin, the New York Times reporter who runs the influential business blog Dealbook, was a guest on The Daily Show last night to promote h...

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The Greatest Swindle Ever Sold

Andy Kroll | Posted 05.25.2011

Read More: Tarp, Wall Street Bailout, Wall Street Bailouts, Bailout, Citigroup Bailout, TARP Money, Bank of America, Taxpayer Money, Aig, Bank of America Bailout, Citigroup, Business News
Andy Kroll

It's not your health that the government is focused on, it's theirs -- the very banks whose convoluted financial systems brought us to the brink of another Great Depression.

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