We're finding out that banks and insurance companies can't get by without government help. Trillions of dollars from the Federal Reserve (a quasi-private organization run by banks) plus billions from the Federal budget go into their maws. Taxpayers are into the banks for almost 15 trillion dollars--that equals our annual GDP! They've become Welfare Kings.
They preach free markets but they practice state socialism. They demand government help when they fail and when they succeed they want all the profits. In a phrase, they socialize the losses and privatize the gains.
As, taxpayers, we lose any way you look at it. How stupid can we be the put up with this?
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