When you see THIS, it’s no wonder an outsider like Trump is so popular
The American taxpayers bailed out private sector banks for conducting unscrupulous practices and nefarious actions — encouraged by government policies starting with the Carter administration’s Community Reinvestment Act. And the banks have gotten bigger under the faux fix called Dodd-Frank. The real losers have been small community banks.
Wall Street threw a tantrum, causing many to lose massive amounts of their 401K investment plans, because they wanted their crack cocaine — artificially low interest rates. Once the Federal Reserve consented, the stock market “bounced” back, and everybody is playing the song “Happy.” Such is America’s new normal: crony capitalism and corporate welfare — all at the sacrifice of the hard-working American taxpayer.
And now there’s this new revelation of how our government seeks to choose the private sector’s winners and losers — rewarding those aligned with its own ideological agenda.