Wall Street Aristocracy Got $1.2 Trillion From Federal Reserve

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Number 2
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Conspirator for: 19 years 4 weeks
Posted on: August 22, 2011 - 5:11pm

The following is discussion about the post titled:
Wall Street Aristocracy Got $1.2 Trillion From Federal Reserve
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Sophia
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Posted on: August 22, 2011 - 5:13pm #1

Remember this in Britain its the most vulnerable people in society who are having to bear the burden of the banker bailouts


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Gardner Goldsmith
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Conspirator for: 19 years 4 weeks
Posted on: August 23, 2011 - 12:20am #2

That depends on who one classifies as the most vulnerable and what one defines as bearing the burden. Taxpayers are bearing a double burden of higher prices due to inflation and higher income taxes, while those who don't pay income taxes are being hit with higher prices. Basically, anyone not connected with the gubment is being slammed. Of course, govt programs take from some to give to others, so the recipients aren't as bad off as they could be, but then again, if the government welfare-borrowing-inflation-mercantilist state were out of business, real businesses could employ many of those out of work right now. Sad stuff, isn't it...