Bank Of America Makes Taxpayers Insure 75 Trillion Dollars in Risky Derivative Schemes

from BuzzFlash

The free market isn’t really “free.” Wall Street depends upon hard-working Americans to keep them from the negative results of taking bad risks in an effort to turn large profits and big bonuses. If you own a small business and take such risks and they fail, you go bankrupt. If you run a Wall Street bank “too big to fail,” average Americans cover your losses. Call it Wall Street socialism.

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