A society that rushes to bail out banks, but doesn't provide universal health care to its people is politically and morally corrupt.
@rbreich The bank was not bailed out, Robert. And you know that. The depositors (customers) were made whole using funds from other banks’ insurance payments. Why do you feel it’s morally correct to lie to prove your point? Should it not stand alone if it is righteous?
@macenvy @rbreich They are extending those funds way beyond the 250k limit set by FDIC. So yeah it is a bailout. The Fed has just chosen not to call it one because technically they can. I don't think he is lying.