The U.S. government is basically using the taxpayer to guarantee against downside risk on the value of these assets, while giving the upside, or potential profits, to private investors, “Quite frankly, this amounts to robbery of the American people. I don’t think it’s going to work because I think there’ll be a lot of anger about putting the losses so much on the shoulder of the American taxpayer.”
-Nobel Prize-winning economist Joseph Stiglitz comments on the newly unveiled Toxic Assets Plan
BSA Images Of The Week: 04.30.17 - “Resistance is here to stay, welcome to your 100th day” – said people in Climate Marches across the country yesterday to President Exxon-Lockheed. God, has...