Home

Share

From this page you can share Banks Reap Whirlwind of Govt Spending to a social bookmarking site or email a link to the page.
Social WebE-mail
Enter multiple addresses on separate lines or separate them with commas.
Banks Reap Whirlwind of Govt Spending
(Your Name) has forwarded an article to you from CommonDreams.org: Banks Reap Whirlwind of Govt Spending

(Your Name) forwarded this article to you from CommonDreams.org.

Sign up here if you would like to receive daily news from CommonDreams.org.

Banks Reap Whirlwind of Govt Spending

Laughing it up. Federal Reserve Board Chairman Ben Bernanke, right, and Treasury Secretary Henry Paulson, laugh during their testimony before the House Financial Services Committee on Capitol Hill, Wednesday, Sept. 24,2008, in Washington. (AP Photo/Manuel Balce Ceneta)

BOSTON - The George W. Bush administration handed 125 billion dollars to nine of Wall Street's richest banks, but this will do little to help the economy that is crumbling around ordinary U.S. citizens, independent experts and activists say.

"There is no way a modern economy can function without good roads, telecommunication, rail transport and an educated labour force," Allan Mendelowitz, a member and former chairman of the Federal Housing Finance Board, told IPS.

Posted in Bailout