That Explains A Lot

Wall Street Bailout Hustle is "a brief history of the best 18 months of grifting this country has ever seen:"

I could not understand why Goldman Sachs and other banks who received TARP funds from the taxpayers could give themselves such obscene bonuses.
I could not understand why AIG handed over assets to Goldman Sachs instead of being required to distribute them among all its creditors.
I did not understand why Goldman Sachs and Morgan Stanley received federal permission to become bank holding companies.
I did not understand why a relative had to have 25% down to qualify for a property mortgage.I could not understand why some small businesses had to become self-funded when denied previously approved cash-flow/seasonal inventory loans. Taibbi's translation of the situation: "You can lower interest rates all you want, but we're (bailout-funded banks) still not f****ing lending the bailout money to anyone in this economy."

Seven cons were perpetrated and they hurt all of us.