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Follow the Money: Behind the European Debt Crisis Lie More Bank Bailouts
Business  (tags: Follow the Money, European Debt Crisis, deja vu U.S. 2008, People bailout private banks 2X, Ponzi Scheme, People screwed again, scapegoat The People, predatory lending, fault of the poor, Greece, Ireland, Spain, Portugal, Italy, austerity/resistance )

Judy
- 2829 days ago - newsocialist.org
Follow the money. When debt-strapped governments receive hundreds of billions in new loans, that money is immediately sent into the coffers of private banks as payments on PAST loans. New loans come from public funds; the people rescue private banks AGAIN
   

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