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Date: 2024-04-19 Page is: DBtxt001.php txt00001491

Society and Economy
Zombie Banking and a broken economy

Cenk Uygur of The Young Turks explains how banks were bailed out by the Fed and why Occupy Movement has got it right.

COMMENTARY

Peter Burgess

The Federal Reserve gave banks a much larger bailout than the infamous TARP. A Bloomberg report with the details is broken down by Cenk Uygur of The Young Turks. Cenk also explains the relevance to the Occupy Wall Street movement.

Cenk Uygur of The Young Turks. Uploaded by TheYoungTurks
on Nov 28, 2011
The text being discussed is available at http://www.bloomberg.com/news/2011-11-28/secret-fed-loans-undisclosed-to-congress-gave-banks-13-billion-in-income.html
and
http://youtu.be/mohwrs3yp7o
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