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Tax the rich


glassgowkiss

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"Remember when teachers, Planned Parenthood, NPR, PBS crashed the stock market, wiped out half of 401K's, took trillions in taxpayer funded bailouts, spilled oil in the Golf of Mexico, gave themselves billions in bonuses and payed no taxes? Yeah, me neither."

 

This quote has been around for a while......it still has a great message.

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"More than three years ago, Congress rewarded Wall Street with the biggest taxpayer bailout in the history of the world. Simultaneously but unknown to the American people at the time, the Federal Reserve provided an even larger bailout. The details of what the Fed did were kept secret until a provision in the Dodd-Frank Act that I sponsored required the Government Accountability Office to audit the Fed's lending programs during the financial crisis.

 

As a result of this audit, the American people have learned that the Federal Reserve provided more than $16 trillion in low-interest loans to every major financial institution in this country, huge foreign banks, multi-national corporations, and some of the wealthiest people in the world.

 

In other words, when Wall Street was on the verge of collapse, the federal government acted boldly, aggressively, and with a fierce sense of urgency to save our financial system from collapse with no strings attached."

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