It Hurts, But Look Again at the Size of the Bank Bailout
It’s been a few months since the Federal Reserve was forced to disclose just how big the bank bailouts were … and which companies were the beneficiaries.
Over the weekend, Sen. Bernie Sanders, the Vermont independent who teamed with Republican Sen. Jim DeMint to force the Fed to reveal the size of the bailout, wrote an opinion piece for the Huffington Post in which he expressed his outrage at the sheer, monstrous scope of the handouts.
If you’re a devoted follower of banking news, there’s nothing in Sanders’ piece that you don’t already know. But if you’re anything like us, no matter how many times you look at the numbers it’s still difficult to wrap your head around how much money the government gave away to keep a handful of finance executives from suffering.