Negative Quiddity: the Bad Big Bank Bailout

Matt Taibbi of Rolling Stone has a blistering article about the ongoing fraud of the TARP bailout of the big banks and subsequent actions like Dodd-Frank legislation. Taibbi claims:

• Wall Street killed financial reform
• The big banks lied to pass the bailout
• They lied about lending
• They lied about the health of the banks
• The bailouts were given by bank size rather than need for relief
• The bailout architects lied about executive bonuses
• They lied about the bailout being temporary
• Government intervention has resulted in increased risk

Much more, including some details about insurance giant AIG, at:

http://www.rollingstone.com/politics/news/secret-and-lies-of-the-bailout-20130104