SIGTARP's latest report sums up the cost of coddling banksters. It isn't pretty. Contrary to the whisper campaign of the banksters, which claimed that the Treasury made money on the bailout, the public was indeed swindled:
"Taxpayers are still owed $118.5 billion." (page 5)
But it's all good, because the assets of the largest five cesspools of bankster crime -- JP Morgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs -- swelled from $6.1 trillion (43% of GDP) before the 2008 crash to $8.5 trillion (56% of GDP) today.
That's right -- the most irresponsible, speculation-mad, too-big-to-fail banksters of all time got free money from you, the humble taxpayer. Not one of their executives went to jail for their crimes. And to top it off, they promptly went back to their speculative games, on an even bigger scale.
By the blog-power invested in me, I hereby christen these five the
Legion of Doom, and declare them to be sworn enemies of the 99Percent. Scorn ye their emissaries, nonviolently protest at their board meetings, and let the public naming-and-shaming begin!
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