Progressives and the Housing Bailout

Progressives and the Housing Bailout

By Dean Baker
From tpmcafe.talkingpointsmemo.com
May 15th, 2008

tpmcafe.talkingpointsmemo.com — If the main beneficiaries of bailout programs are the banks, then we are using taxpayer dollars to shift income upward. We are giving money to to the banks' shareholders and their managers, some of the most highly compensated people in the country.

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