[sterlingice]

Originally Posted by RainMaker

How the Fed Bailed Out the Investor Class Without Spending a Cent

Unlike in 2008, the large corporate entities in line for a bailout didn't create the crisis in the first place. The Fed's actions to save corporations from instant bankruptcy, simply by nodding in their direction, beats the alternative. The problem is that this same level of thunderous rescue hasn't been extended beyond the biggest firms, which could lead to an economic landscape where they dominate society in the very near future. We have a system for central bankers to throw a life preserver to any large corporation, while everyone else must swim several miles to shore themselves.

The resulting inflation is what stealing money from the middle class looks like. As will the decimation of any small or middle company, just to keep the largest afloat.

So these companies continue to fatten up to the tune of TRILLIONS rather than pay better wages and, will, inevitably, shed salary and jobs due to a lack of competition. But, hey, let's get mad about that your neighbor might make $300 more than he was making in his minimum wage job for the next couple of months.

SI