Monday, September 16, 2013

US Billionaire Bailout Society - The rest of us can pay for their excesses and mistakes

We see in vivid detail what the new American order looks like. The top 1 percent live in another economic universe of high finance that sucks the wealth from the rest of us. In their world, banks (owned by and for the top 1%) are able to grow larger and larger so there is no chance they will be allowed to fail, even after these same banks took down the economy. (In 1965 they had assets equal to 17% percent of the U.S. economy. Today it's more than 65% percent.)

http://www.alternet.org/economy/weve-got-billionaire-bailout-society-and-99-may-never-recover-it-our-lifetimes?akid=10936.294211.7dRbKI&rd=1&src=newsletter896912&t=5

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