The multi-trillion dollar rescue of the banks that started in 2008 has not ended. It continues today under the guise of sovereign debt bailouts. And the cutbacks – to pensions, education, welfare, and public sector jobs – that wreak havoc on the lives of millions are all about funnelling public wealth to banks, pure and simple.
Read it all at Information Clearing House, Follow the Money: Behind the European Debt Crisis Lie More Bank Bailouts By David McNally
h/t Russell Huntley