Bailout Includes Secretive, Possibly Illegal $140B Windfall for Banks ?


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The Washington Post has revealed the recent $700 billion taxpayer bailout of Wall Street contains a possibly illegal provision that stands to give American banks a massive windfall. As part of the bailout, lawmakers changed tax code Section 382, which limits the kinds of tax shelters companies can use during...


Answer (5):

 
Avro Arrow

Keith Olbermann put it best. "There's a term for the seamless mutuality of government and big business, dictionary definition that describes that toxic blend... FASCISM!"

 
Helios

Yes, isn't it great to have such a nasty little liar in the White House passing out the dough to his rich friends.

It was sure good that the Supreme Court put that punk into the White House!

 
G.

Here's the link:

http://www.washingtonpost.com/wp-dyn/con...

There's a reason they are being so quiet and cooperative right now, don't you think?

 
Rivera

Banks are thieves--I know that ever since I immigrated to this country--you overdraw a few cents and they charge you---you fall behind on your loan and they charge you---they fall behind on their responsibilities--you pay---so hey, y'all allowed it all these years---I ain't got nothing, so I ain't gonna lose nothing.....

 
lalalalaconnectthedots

Check it out.
http://mobile.reuters.com/mobile/m/FullA...