Matt Taibbi: The Government Lied To Americans About Bank Bailout

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Matt Taibbi: The Government Lied To Americans About Bank Bailout


Matt Taibbi: The Government Lied To Americans About Bank Bailout

HuffPO-

The government made some rather flimsy claims during the financial crisis — among them, that the bank bailout would help struggling homeowners and that the big banks were fundamentally sound.

But, according to Rolling Stone’s Matt Taibbi, the claims weren’t just flimsy; they were outright lies.

“The lie was the bailout,” Taibbi told HuffPost Live on Thursday. “That was really part of the whole rescue effort, was telling the American public that all of these companies were healthy when in fact they weren’t.”

[HUFFPO]

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