I don't get it...#38 was not your post???? There was no question in #38. And further what is the question in #37? Too big to fail? If so what year did this bank bail-out occur?...2008? Who writes the checks? Congress? And which party held the majority in Congress in that year?
You are correct in everything that you have said. Including my referring to post 38 when I meant 37. Thank you.
But consider this...
A ton of money-wealth was
transferred upward so that over-leveraged businesses could pay off debt. Transfer of wealth. People who ran those over-leveraged companies gave themselves bonuses. As did the firms who held the debt. The firms who invested in over-leverged, loaning them money while hedging their bets with credit default swaps, a thing they invented. They received huge bonus compensation for failing (AIG) and inflating the bubble while betting on the No Pass Line. (Morgan Stanley) Because they felt they were
entitled to it. Self-centered monsters?
2010, who took over the house? The new folks in congress want to repeal the watered down Dodd-Frank and 'free up' the banks and investment firms to what? After we bailed them out, they continue to make huge profits. And God forbid we raise capital gains tax, or tax wealthy people, because they're the job creators...who are still benefitting from the Bush tax cuts but not 'creating' too many jobs. Because rolling back taxes to Clinton era rates (you know, when we had tremendous growth) would hurt small businesses??
The bulk of the 2010 New Kids economic platform has been debunked and deboned by economists, fact-checkers, and the CBO. But they still persist. The wealthiest 1% is still untouchable.
Those who paid themselves bonus compensation from Treasury funds. The hedge funds, investment houses, and banks that continue to prosper, after the U.S. Gov stopped the meltdown that wold have ended them, are, according to the GOP position, being unfairly demonized.
The OWS protestor who wants a lot of the same things the Tea Party protestor wants -- accountability, no bail-outs, no moral hazard, no free lunches... Why are the OWS protestors the monsters?