If there was ever proof that the federal government and the banking industry are working to protect the interest of each other, here it is. First the 2005 pro-banking bankruptcy “overhaul”, not this. Granted, there was some well-meaning intent behind this bailout of the banking system, there was also obviously some scheming behind the scenes which allowed for some fine-printing & insertion of “loopholes.”
Bailout Bait & Switch Video – CBSNews (01-09)
Possibly related:
Tags: acquisitions, bailout, bank, banking, bankruptcy, economy, federal, government, industry, transparency, usa