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Senator Warren: Why Isn't Wall Street Paying Back Taxpayers For Being 'Too Big To Fail'? | ThinkProgress
"WARREN: So I understand that we’re all trying to get to the end of “too big to fail.” But my question, Mr. chairman, is until we do, should those biggest financial institutions be repaying the American taxpayer that $83 billion subsidy that they are getting?…It is working like an insurance policy. Ordinary folks pay for homeowners insurance. Ordinary folks pay for car insurance. And these big financial institutions are getting cheaper borrowing to the tune of $83 billion in a single year simply because people believe that the government would step in and bail them out. And I’m just saying, if they are getting it, why shouldn’t they pay for it?"
Senator Warren: Why Isn't Wall Street Paying Back Taxpayers For Being 'Too Big To Fail'? | ThinkProgress
Why do we pay this?
Is there something, or lots of things, we don't know about this?
Is Warren picking on Bernanke?
Is this "free money for the rich?
How can I get some? I'll spend mine locally.
"WARREN: So I understand that we’re all trying to get to the end of “too big to fail.” But my question, Mr. chairman, is until we do, should those biggest financial institutions be repaying the American taxpayer that $83 billion subsidy that they are getting?…It is working like an insurance policy. Ordinary folks pay for homeowners insurance. Ordinary folks pay for car insurance. And these big financial institutions are getting cheaper borrowing to the tune of $83 billion in a single year simply because people believe that the government would step in and bail them out. And I’m just saying, if they are getting it, why shouldn’t they pay for it?"
Senator Warren: Why Isn't Wall Street Paying Back Taxpayers For Being 'Too Big To Fail'? | ThinkProgress
Why do we pay this?
Is there something, or lots of things, we don't know about this?
Is Warren picking on Bernanke?
Is this "free money for the rich?
How can I get some? I'll spend mine locally.