Deja vu: another bail out for banks and other giant corporations

The name of the latest enormous transfer of wealth to the one percent, the CARES (Coronavirus Aid, Relief, and Economic Security) Act, represents a public relations coup. Unsurprisingly, this great sounding title misrepresents the bill’s contents. Pattern of transferring wealth upward Unfortunately, this bill is essentially a repeat of the bailout of Wall Street during the Great Recession that further[Read More...]
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