The Massive Bailout Given to Big Banks by the Fed Outshines TARP - The Essence of Occupy Wall Street

The Federal Reserve gave banks a much larger bailout than the infamous TARP. A Bloomberg report with the details is broken down by Cenk Uygur of The Young Turks. Cenk also explains the relevance to the Occupy Wall Street movement. Subscribe to The Young Turks: The Largest Online New Show in the World. Google+: Facebook: Twitter: ...(read more)

---

LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing

---

The Occupy Wall Street movement had its roots in the global economic crisis of 2008, which triggered a massive bailout of financial institutions by the US government. At the time, the government promised to rescue the banks and prevent a complete collapse of the economy by injecting funds into them. The Troubled Asset Relief Program, or TARP, was established to implement this rescue package. However, in recent years, it has come to light that the TARP program was just the tip of the iceberg when it comes to the amount of taxpayer money that was pumped into the banks. According to a report by the Levy Economics Institute, the Federal Reserve bailed out the banks to the tune of $29 trillion. This revelation is significant because it highlights the stark disparity between the way Wall Street and Main Street were treated during the crisis. While ordinary people lost their homes, jobs, and savings, the banks responsible for the crisis were propped up with an unprecedented amount of financial assistance. The report revealed that the bailouts were broad and deep, extending to institutions that had not received public attention, including foreign banks, hedge funds, and insurance companies. Moreover, the loans were not transparent and were made with no contractual requirements for the recipient institutions to disclose how the money was spent. One of the main demands of the Occupy Wall Street movement was to hold those responsible for the economic crisis accountable. This new information about the extent of the bailouts only reinforces that demand. It also raises questions about what else the public has yet to learn about the true scope of the crisis. The Occupy movement was not just about protesting the excesses of Wall Street, it was about bringing attention to the systemic flaws in the economic and political systems that allowed such abuses to occur. The fact that the banking industry was rescued with such an enormous amount of public money only serves to underscore the need for meaningful change. In conclusion, the report detailing the Federal Reserve bailouts of big banks is a stark reminder of the stark inequality in the US economic and political systems. It demonstrates that there is still a need to push for reforms that hold financial institutions and policymakers accountable and to promote transparency in governmental decision-making. https://inflationprotection.org/the-massive-bailout-given-to-big-banks-by-the-fed-outshines-tarp-the-essence-of-occupy-wall-street/?feed_id=95355&_unique_id=64584e04058ac #Inflation #Retirement #GoldIRA #Wealth #Investing #jpmorgan #bailoutmoney #bankbailout #bankbailoutlist #bankofamerica #bloombergfed #bloombergfederalreserve #citigroup #fedbailout #fedbanksmoney #federalreservebailout #federalreservebanksmoney #goldmansachs #morganstanley #tarp #tarpbanks #toobigtoofail #WellsFargo #BankFailures #jpmorgan #bailoutmoney #bankbailout #bankbailoutlist #bankofamerica #bloombergfed #bloombergfederalreserve #citigroup #fedbailout #fedbanksmoney #federalreservebailout #federalreservebanksmoney #goldmansachs #morganstanley #tarp #tarpbanks #toobigtoofail #WellsFargo