Big Banks Are Getting Back-Door Bailouts

Sarah Jaffe, AlterNet: ''Bankers love to rail against government interference in the ?free market.' Even while some of them occasionally have the grace to admit that they wouldn t still be around without the massive taxpayer bailouts of 2008 ? they still like to claim that they are free-market entities, subject to the whims of the invisible hand, and that the government s meddling can only be destructive. Yet those same banks are happy to make their money from the same governments about which they love to whine.''

http://truth-out.org/news/item/10086-six-ways-the-big-banks-are-getting-back-door-bailouts?newsletter

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Banking scandal: how document trail reveals global scam

It s not a comfortable weekend for the men heading some of the world s biggest banks. Barclays has already been hit by a £290m fine for rigging interest rates but that could be dwarfed by a series of global lawsuits which could cost banks billions.

http://is.gd/wrEfWO



Jail The Bankers: Joseph Stiglitz

Man who ran World Bank calls for bankers to face the music.
http://is.gd/ELdEfh


From Information Clearing House



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bailout
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Big+Banks
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Barclays
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=taxpayer
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Sarah+Jaffe
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Stiglitz

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