Tag Archives: bailout
Cyprus averts bankruptcy in time to not hurt the U.S. economy
I’m sure you’ve heard this before, another bank in a small country almost went bankrupted. Cyprus’s banking system is different because in January there were some €126.4 billion ($162.6 billion) worth of assets on the books of Cypriot banks. That’s almost seven times the size of the the country’s GDP [...]
Continue reading...Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street
- Posted on July 26, 2012
- in banks, Obama Administration, occupy wall street, video
- by Jerome
Neil Barofsky in his book “Bailout”, explain how the Obama administration allowed banks to use the money as they pleased. Although the bailout was signed by George W. Bush, the Obama administration let the business as usual continue. Neil Barofsky explains how this happened in this short video clip with [...]
Continue reading...Slideshow
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