Dr Matthew Raphael Johnson talks to Sven Longshanks about his new essay on the TARP bailouts of 2008.
The bailout was pitched as a giant populist program to help ordinary Americans.
We were told that as long as the banks held TARP money, they would not be able to pay out cash bonuses to top executives.
Both of these turned out to be lies and the banks succeeded in getting $700 billion in TARP loans, $8 trillion in secret emergency lending, along with masses of stocks and options which have quadrupled in price giving $4 million to each executive involved.
Presented by Sven Longshanks and Matt Johnson
The Daily Nationalist: The TARP Bailout Scam – DN 070419
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