Rep. Bernie Sanders (I-VT) rails against the irresponsibility of bank bailouts and warns of the precedent and threat posed by cuts to Social Security and Medicare to offset the cost of subsidizing the financial industry.... ( read more )
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Bernie Sanders on Bank Bailouts: Examining the S&L Crisis In the realm of financial crises, the Savings and Loan (S&L) crisis stands out as one of the most prominent events in recent US history. Unveiling its devastating consequences in the 1980s and early 1990s, this crisis left a lasting impact on the American economy. One prominent figure who spoke out against the handling of this crisis was Bernie Sanders, a Vermont Congressman at the time. Let's delve into Sanders' perspective on bank bailouts during the S&L crisis, as he presented it
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