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View Diary: Explosive Bloomberg Editorial: Bank Profits are "almost entirely" Taxpayer Money (125 comments)

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  •  Well (4+ / 0-)

    it certainly WAS transferred from the taxpayers in 2009, and it continues to be according to some accounts from the Federal Reserve through monetary policy and quantitative easing.  So that assumption seems to be pretty substantial and the largess ongoing.  Simply the video recording of the head of DOJ ("The Untouchables") bluntly admitting that he decided not to prosecute blatant fraud on the part of the banks because of the danger to the economy if they collapsed speaks volumes.  What is the accounting value of carte blanche to commit fraud and felony at the highest levels?

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