Pissed off about bank bail outs

Bill Moyers chronicles the lives of two ordinary families over more than 20 years as they battle to keep from sliding into poverty. Get Our Newsletter. Follow Us. Really pissed. I'm pissed because it's the wrong decision.
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Bailing Out the Banks

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Another reason people are pissed off on the bank bail-outs – DogWalkBlog

Like so many viral rants, Vic DiBitetto's "Message to the Government" is filmed in the front seat of a car. He sounds and looks like a movie version of an Italian American: thick New Yawk accent, closed-cropped gray hair, a face that's already red before he starts getting angry, which happens very quickly. He starts off by denouncing the government for having "their heads in their asses," then veers into what might be called a left-wing excoriation of the government and the banks. So if they had 19 years and six months left on their mortgage just add the three months so now they have 19 years and nine months, how fucking hard is that?
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Note To Bob Pisani: Here's Why Americans Are Pissed Off That Banks Aren't Lending Out TARP Dollars

No harm, no foul — right? It was all a lie — one of the biggest and most elaborate falsehoods ever sold to the American people. We were told that the taxpayer was stepping in — only temporarily, mind you — to prop up the economy and save the world from financial catastrophe. What we actually ended up doing was the exact opposite: committing American taxpayers to permanent, blind support of an ungovernable, unregulatable, hyperconcentrated new financial system that exacerbates the greed and inequality that caused the crash, and forces Wall Street banks like Goldman Sachs and Citigroup to increase risk rather than reduce it. The result is one of those deals where one wrong decision early on blossoms into a lush nightmare of unintended consequences.
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A few days later, Kessler would repeat — and later correct again — the same error. Now, Kessler is fact-checking another statement made by Sanders, this one about the financial crisis in South Carolina:. They got a trillion-dollar bailout. On the question of whether or not anyone went to jail for crimes related to the crisis, Kessler is right that one executive, Kareem Serageldin, did get sentenced to 30 months for offenses that could be construed as having contributed to the crash. That his case took place in , well after reporters like Gretchen Morgensen, Louise Story and myself made noise about the conspicuous absence of prosecutions, is beside the point.
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