Difference between revisions of "Bailout"
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| + | ==Official narrative== | ||
| + | The [[Official narrative]] about bailouts is confused and not regularly discussed by {{ccm}}. | ||
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| + | ==Concerns== | ||
| + | One phrase which crops up is that [[bank]]s are "too big to fail", which might suggest that they were too big. Bailouts however are effectively a huge transfer of wealth from taxpayers to those invested in the banks, a policy which ''increases'' the wealth of those banks, which increase wealth inequality. Bailouts are faits accomplis, not subject to even a nominal democratic control or performance review. | ||
{{SMWDocs}} | {{SMWDocs}} | ||
{{Stub}} | {{Stub}} | ||
Revision as of 04:09, 17 January 2016
 "Bailout"  (theft, fraud)   | |
|---|---|
 Credit The Dees Illustration Studio | |
| Interest of | George W. Bush |
Official narrative
The Official narrative about bailouts is confused and not regularly discussed by commercially-controlled media.
Concerns
One phrase which crops up is that banks are "too big to fail", which might suggest that they were too big. Bailouts however are effectively a huge transfer of wealth from taxpayers to those invested in the banks, a policy which increases the wealth of those banks, which increase wealth inequality. Bailouts are faits accomplis, not subject to even a nominal democratic control or performance review.
An example
| Page name | Description |
|---|---|
| 2008 Financial Crisis | "an evisceration of some banks by others...a cannibalistic binge billed to the tax-payer"<a href="#cite_note-1">[1]</a> |
Related Document
| Title | Type | Publication date | Author(s) | Description |
|---|---|---|---|---|
| Document:War Martial Law and the Economic Crisis | book extract | 1 November 2010 | Peter Dale Scott |
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