Economists, including leftist ones, can be sources of very interesting facts. Robert Reich was a Clinton economic advisor.
By the way, the lion’s share of that subsidy ($64 billion a year) goes to the top five banks — JPMorgan, Bank of America, Citigroup, Wells Fargo. and Goldman Sachs. This amount just about equals these banks’ typical annual profits. In other words, take away the subsidy and not only does the bonus pool disappear, but so do all the profits.
So the Too Big To Fail banks are 100% Welfare Kings. Hey Pentagon and CIA and NSA, I hope you guys are getting a cut of this! If you aren’t, WTF is wrong with you? You a bunch of pussies or what? You afraid of Llyd Blnkfn and Jme Dmon? Hahahaha!
They want to make you fight Russia, while they pick your country’s pocket. Suckers!