Tag Archives: Paulson

The looting continues, Part 2

Back in March I wrote about how the Bush/Obama bank bailouts are essentially cementing the power of big banks like Citi and Bank of America rather than reforming a system that’s failed so spectacularly. Instead, we’re rewarding big banks for their failure, and turning the other way while they misuse tax payer money in a […]

Getting punked on the bank bailout

Remember how we’re shoring up weaknesses in our economy by bailing out failed banks and doling out $700+ billion to prevent further failures? Well, it looks like all that money isn’t going to help us average folk anytime soon. Part of the problem with the economy is the credit crisis. Banks have lost so much […]