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
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
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.