At a Brattleboro, VT. town meeting on 6/24/2012, Vermont Senator Bernie Sanders explains the bank bailouts, and the unprecedented issuance of low interest loans to the banks by the Federal Reserve. Describes how he told Fed chairman Ben Bernanke that Vermonters would love some low interest loans too, but they can't get them.... ( read more )
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Vermont Senator Bernie Sanders has been a vocal critic of the bank bailouts that occurred during the 2008 financial crisis. In his usual straightforward manner, Senator Sanders explains and breaks down the bank bailouts in simple terms. First and foremost, he highlights the fact that the financial crisis was caused by the reckless actions of Wall Street banks. These banks, driven by greed, engaged in risky practices such as predatory lending, b
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