Keeping fat cats in business deepened 2008 collapse
The Incident: America's worst economic crisis since the Great Depression occurred in the fall of 2008, brought on originally by the collapse of a housing bubble that damaged financial institutions and caused the stock market to plummet.
The Official Word: Huge corporations like AIG and Goldman Sachs were considered "too big to fail," and received multibillion-dollar bailouts from the federal government in order to prevent economic collapse.
My Take: The government conspired to keep the "fat cats" in business, while the American taxpayers are left holding the bag. CEOs that should be going to jail for scams beyond belief and instead reaping the biggest bonuses ever.
Corporations basically run the government, and the same players that made the mess still have a stranglehold on our future.
2008 bailouts were conspiracy to keep fat cats in business
The Incident: America's worst economic crisis since the Great Depression occurred in the fall of 2008, brought on originally by the collapse of a housing bubble that damaged financial institutions and caused the stock market to plummet.
The Official Word: Huge corporations like AIG and Goldman Sachs were considered "too big to fail," and received multibillion-dollar bailouts from the federal government in order to prevent economic collapse. My Take:
The government conspired to keep the "fat cats" in business, while the American taxpayers are left holding the bag. CEOs that should be going to jail for scams beyond belief and instead reaping the biggest bonuses ever.
Corporations basically run the government, and the same players that made the mess still have a stranglehold on our future.
