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Bank Welfare | The Jimmy Dore Show

Jimmy Dore has been reading up on bank welfare that is provided by American tax payers.

We’re Paying Banks Billions to Put Us In Danger | Youtube

A Bloomberg editorial pointed out that banks receive 83 billion dollars in subsidies a year and examined how this incentivizes the banks to continue risky behavior and business practices. ~ The Jimmy Dore Show

SOURCE: Why Should Taxpayers Give Big Banks $83 Billion a Year?

There’s more…

Wall Street Claims Free Taxpayer Money a Constitutional Right | Youtube

A subsidy designed to encourage bank participation in the Fed system decades ago that amounts to huge piles of free money with no conditions was going to be reduced. Bankers freaked out, claiming the annual free money was property and that taking it was a violation of their Constitutional rights. ~ The Jimmy Dore Show

SOURCE: Big Banks Just Claimed A Constitutional Right To A Taxpayer Subsidy

Appreciation must go to Jimmy Dore, and other comedian news commentators. For instance, I recently saw the Huffington Post headline about banks claiming a constitutional right, but didn’t have the stomach to read the article. Thanks to Jimmy, I got over the hurdle.

The People need to know the dismal truth, so we can to hold our elected officials accountable.

 

Bank Welfare | The Jimmy Dore Show was first shared on Aware & Fair

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About The Author

JoAnn Chateau

JoAnn Chateau likes progressive politics and loves the canines. She writes fiction about an alpha Bichon named Chester, and his friends--with a dash of humor and a dab of poli-sci. JoAnn worked professionally in the Psychology and Information Science fields. Retired now, she enjoys the creative life.

2 Comments

  1. dancingpalmtrees

    Reblogged this on A Word in Season Education Services and commented:
    The Corporate Welfare money that we give Banks could give every American a nice home/house. Let’s make a difference this November and elect Bernie Sanders as President of the USA!!

    • JoAnn Chateau

      Amen! Thanks for sharing.

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