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  • Obama's Next Big Bank Bailout

    08/26/2010 11:07:47 PM PDT · by rebel_yell2 · 9 replies
    The Washington Times ^ | Aug. 27, 2010 | Rebel A. Cole
    With the ink of President Obama's signature on the Barney Frank-Chris Dodd financial reform bill barely dry, the next bank bailout already has begun. How can that be, you might ask? Weren't we promised that this "landmark" legislation would end bank bailouts? Weren't we promised that this legislation ushered in a new era of transparency on Wall Street? Could it be that the politicians lied to us? Say it ain't so - but it is. If this brings to mind the backdoor bailout of Wall Street banks by AIG, it should. At just these three big banks, the taxpayers are...