When a private business loses money, when the institution that we are all in right here is losing billions of dollars literally every day--there was no shortage of outrage from my friends on the other side of the aisle when the private sector loses money.
Garrett questions the lack of outrage over private sector losses compared to public sector issues.
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Designating more private companies as too-big-to-fail and turning their regulation over to the Federal Reserve and its ever-growing safety net, if you will, is not going to solve the problems of taxpayer exposure to the financial system.
It is hard to imagine anything more unfair and un-American than having the Government financially support mega-corporations at the expense of small businesses and American workers.
So, if your policies, as Ben Bernanke indicated it does and you are nodding your head as well, benefits the stock market, raises asset prices, who are you benefiting? The rich. Who are you hurting? The poor.
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