Banks, not people, are this country’s biggest recipients of welfare

Commentary | September 4, 2013 | By John Burbank | Real Change

As the biggest welfare recipients in the history of our country, these banks have gained political power. They can ignore the long-term consequences of bad risk taking, knowing that before they fail, they will be bailed out. They can lean on government in times of crisis and make off with tremendous profits once the crisis is averted. Enough is enough.

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