Fresh Outrage: The Big Banks Need to be Broken Up Now, Put Out of OUR Misery

MEANWHILE: HERMAN CAIN'S LATEST SEX SCANDAL
 
I'M TOTALLY WITH JOSH BROWN, taxpayers should be outraged, and I do mean outraged, by fresh disclosures of secret dealings, suppression of information and massive corporate welfare using our taxpayer money on these six big predatory banks----JPMorgan, Bank of America, Citigroup Inc. (C), Wells Fargo & Co. (WFC), Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS).

They need to be broken up or need to fail---yesterday if possible
.
If any of us have not taken the time to educate ourselves to the reprehensible behavior of the Federal Reserve and Treasury Department in coddling these corporate forever baby sharks---with no accountability or disclosure to us and our children on whose backs this depraved folly is now strapped to--- then we can and should get what we deserve.

We need to be outraged and stay outraged until this crazed and tragic chapter in our fiscal history ends. If we're not, we're all doomed.
Brown writes:

Fresh outrage as Bob Ivry, Bradley Keoun and Phil Kuntz (tough name) break an incredible story about the secrets of the 2008 bailouts. Banks fought to keep these details a secret, but Bloomberg Markets Magazine successfully sued for the truth.

Here goes:

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.

The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.

And you can also thank these "smartest guys in the room" for those parasitic zero percent interest rates that are doing such wonders for your savings and retirement prospects.

Read more if you can.