(did I say billions? I meant trillions)
Dubya threw money at the banksters. Obama threw even more money at the banksters. We were told we “had to do it” or our economy would collapse. And that all that money we threw at the banks would trickle down to us. Hah! We fell for that one again.
But Iceland balked and said “no” to the banksters. They arrested the former chief executives of the largest three banks. One of them even ended up in solitary confinement (like what we did to Bradley Manning).
So what happened to their economy? Young Turk Cenk Uygur has the surprising answer:
UPDATE: After I posted this, I found a new episode of Bill Moyers’ show with guests Matt Taibbi (one of my heroes) and Yves Smith, which spells out how the US banks are operating just like the mafia. It is a bit longer than Cenk Uygur’s rant, but if you want to understand what is going on, you really have to watch this: