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Home Moneta Blog Matt Taibbi of Rolling Stone magazine

Matt Taibbi of Rolling Stone magazine

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The Real Housewives of Wall Street

Why is the Federal Reserve forking over $220 million in bailout money to the wives of two Morgan Stanley bigwigs?

 Matt Taibbi of Rolling Stone magazine fear to tread where many so called experts fear to tread:

".....that would have been socialism! — the Fed handed out a trillion dollars to banks and hedge funds, almost interest-free.

In other words, the government lent taxpayer money to the same assholes who caused the crisis, so that they could then lend that money back out on the market virtually risk-free, at an enormous profit."

 Read the article here:

 

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