Have Politicians Benefitted Financially from Bank Bailouts?

When congress voted for the bank bailouts, were they going to personally benefit from it? Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below. "Do the personal assets of congressional lawmakers affect the way they vote on federal legislation? New data says yes -- at least when it comes to their votes to bail out Wall Street with hundreds of billions of taxpayer dollars. Amid the 2008 financial crisis, congressional lawmakers passed a bill providing $700 billion of direct support to major banks. In a new study, researchers from the London Business School and Tillburg University cross-referenced lawmakers’ vote for that controversial legislation with those lawmakers’ financial holdings. Their conclusion: members of the U.S. House of Representatives with a personal stake in bank stocks were far more likely to support the legislation than those who were not invested in those institutions." Read more here: Hosts: Cenk Uygur Cast: Cenk Uygur *** The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET. Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary) Download audio and video of the full two hour show on-demand + the members-only post game show by becoming a member at Your membership supports the day to day operations and is vital for our continued success and growth. Get The Young Turks Mobile App Today! Download the iOS version here: Download the Android version here: ...(read more)

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In the aftermath of the 2008 financial crisis, many banks stumbled. The United States government stepped in to bail them out with taxpayer money. However, the question on many people's minds is what happened to the politicians who oversaw the bailouts? Did they get rich from bank bailouts? The simple answer is no. Public servants such as politicians are prohibited from voting or benefiting from legislation that they have a personal financial interest in. This means that they cannot profit directly from the bank bailouts. Nevertheless, some people believe that there were indirect ways for politicians to benefit from the bank bailouts. For example, some argue that politicians in charge of overseeing the bailout were more likely to receive campaign contributions from banks that received bailout funds. However, this claim remains largely unproven. While it is true that banks donated more money to politicians during and after the financial crisis, it is impossible to know if those donations were linked to the bailout. Furthermore, politicians who oversaw the bailout were not immune from criticism. In fact, they were often accused of being too lenient on big banks and not doing enough to hold them accountable for their role in the financial crisis. Additionally, some politicians faced consequences for their actions during the financial crisis. For example, former Congressman Barney Frank, who was a key architect of post-crisis financial regulation, faced pushback for allegedly advocating for policies that led to the crisis in the first place. In conclusion, while some conspiracy theorists may argue that politicians got rich from bank bailouts, the truth is that there is no direct evidence to support this claim. While some politicians may have benefited indirectly from the bailout, individuals who oversaw the bailouts faced significant scrutiny and criticism for their actions. Ultimately, the top priority should be ensuring that financial crises like the one in 2008 do not happen again in the future. https://inflationprotection.org/have-politicians-benefitted-financially-from-bank-bailouts/?feed_id=96664&_unique_id=645d98718db2a #Inflation #Retirement #GoldIRA #Wealth #Investing #161223_TE05BankStockBailOut #bailouts #bankstocks #banks #BigBanks #bribery #CenkUygur #corruption #davidsirota #donations #fundraising #liberal #millionaires #news #politics #progressive #recession #theyoungturks #tyt #WallStreet #BankFailures #161223_TE05BankStockBailOut #bailouts #bankstocks #banks #BigBanks #bribery #CenkUygur #corruption #davidsirota #donations #fundraising #liberal #millionaires #news #politics #progressive #recession #theyoungturks #tyt #WallStreet