Difference between revisions of "Bailout"
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|constitutes=theft, fraud | |constitutes=theft, fraud | ||
|so_called=1 | |so_called=1 | ||
| + | |description=A globally organised shift of money from ordinary txpayers to the already hyper-rich. | ||
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==Official narrative== | ==Official narrative== | ||
Revision as of 14:08, 8 August 2016
 "Bailout"  (theft, fraud)   | |
|---|---|
 Credit The Dees Illustration Studio | |
| Interest of | George W. Bush |
| A globally organised shift of money from ordinary txpayers to the already hyper-rich. | |
Official narrative
The Official narrative about bailouts is confused and not regularly discussed by commercially-controlled media.
"Too big to fail"
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. In this sense they were prefigured by another massive financial fraud, the US Savings and loan debacle of the 1980s.
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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