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Capitalism is a system where bad ideas and companies fail. They aren't propped up by government. The Federal Reserve has been shoveling money into large banks
by stretchwithme 14y ago
Capitalism is a system where bad ideas and companies fail. They aren't propped up by government.
The Federal Reserve has been shoveling money into large banks, literally lending trillions of dollars to them at times. Interest-free, of course. Then they lend it the US Treasury. Or leave it in their Federal Reserve accounts and collect interest there.
With such a sweetheart deal, anybody could make a profit. How is it these guys deserve bonuses?
One can only conclude that our government has been completely captured by these guys.