Banks run Congress, top Democrat says | WHAT REALLY HAPPENED

Banks run Congress, top Democrat says

It doesn’t take a rocket scientist to deduce that the banking and financial services industry has an outsized influence in Congress.

Wells Fargo, Citigroup and JP Morgan Chase each got bailouts of $25 billion in government bailouts last year. Morgan Stanley and Goldman Sachs got $10 billion apiece. And AIG, the mammoth insurer that lost billions in bad derivatives bets, has sucked in more than $170 billion.

Meanwhile, President Barack Obama is reticent about bailing out an American state — California.

Webmaster's Commentary: 

... let alone private citizens.

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