And then once the tax payer righted the ship the banks turned around and paid themselves huge bonuses. Talk about a bitch slap. I'm surprised there hasn't been more outcry or violence toward Goldman Sachs, not that I would condone such an act. Just surprised.
Quote from MarketMasher:
They started the socialism by bailing out the Big banks.
They were insolvent in 2008, not "illiquid" as Hanky Panky said.
"Monday, 17 March 2008, 18:27
C O N F I D E N T I A L LONDON 000797
SUBJECT: BANKING CRISIS NOW ONE OF SOLVENCY NOT LIQUIDITY"
