US bank bailout benefited billionaires, exposing corruption: ‘I understand why Americans are angry’

Before it collapsed and its billionaire depositors were bailed out by the US government, Silicon Valley Bank successfully lobbied Congress to remove regulations on it. A senator admitted, “I understand why Americans are angry, even disgusted”.

|| Geopolitical Economy Report ||

[lilithlives]

Americans are apparently not angry enough. They still sit passively on their couches watching mindless shows instead of organizing and shutting down the system. Meanwhile...France...

[БьярмГипербореев]

It is common for bankers to privatize profits and nationalize losses..😅

[Dan.]

This has been the modus operandi of the US economy for decades.

[Dan-DJCc]

Always we get another fail where the workers pay the cost for the bosses' poor behavior.

[TETASARAIVACS]

In addition, if you bail out the small people, it’s money that comes back because they spend it and the Economy keeps rolling and taxes are payed. If you bail out the Big Banks and billionaires, that is money that goes into their investments, never to be seen again.

[knowbuddee]

Thanks Professor Ben Norton for another great report!!! 😄😄Whistleblowers are Heroes! Know something? Say something! body-green-covering-eyes Leakers are heroes! Sink the ship of fools who dream of endless wars created with lies & dirty tricks. Resist Ev... C what U can do! Be Cautious & smart. Have No Fear! Support high integrity people who seek & speak the Truth!!

[Stikibits]

It should be nationalized seeing it's public funds being used.

[Madasin_Paine]

Outstanding substantive report to deepen understanding of bank rachets and how regulators keep public accountability of bz & gov minimal.
Regulators restrain public geisha's not corporate illegality, criminality and monopolization.

Regulators prevent small bz noncompetitive against monopolies.

Your report explained this quite effectively.

[christinevaple]

Thank you, Ben Norton, for explaining these issue so that even someone like myself can understand!

[aremjay]

Thanks so much Ben - you are truly a fount of wisdom!

[GregoryJWalters]

Socialism for the Banksters, "free-market Capitalism" for the Poor and Working Class. Informative, clear, and disconcerting Economic Critique. Tnx

[aliciaczechowski]

Another excellent program. Thank you. Ben.

[UniDeathRaven]

All the humanity problems because of rich class exists. Time to deal with it.

[beefcakesupreme]

Socialism for the rich, capitalism for the poor.

[Hockss]

Really Disgusting, May they rot in Hell....

[Po-village-chief]

Privatize gains and socialize losses - a pretty good business model. Love it!

[THEEBIZZZ]

Bless My Friend Thanks For Sharing..👌🏽👊🏽👍🏽

[charleskesner]

Very poignant Ben in light that an estimated 15 million people will be dropped from Medicaid loosing their health insurance. Life in an Oligarchy.

[amielopez]

So why people is letting it happen, when this became ok, if was any of us we end up in jail for fraud and many other charges.

[p.a.andrews]

A duopoly problem the extremely rich owns isn't two different political parties, but instead is Fascism !