Mar 23, 2020
As usual, the American Taxpayer is getting the short end of the bail-out stick. The taxpayer won’t be paying the tab for the latest round of corporate welfare transfer payments. Since we’re already running trillion-plus deficits, the currency holders, savers and bond holders who will pick up the eventual tab, after seeing their asset ravaged by inflation and all of society. And for what? Flashback to 2008, when the nation’s banks and investment houses were caught flat-footed by the mortgage meltdown, a crisis of their own making. They were given trillions in cash with virtually no strings attached. Large portions of the bailout went towards bonuses for these unworthy titans of finance.