The US middle class ended in 2008 when the government chose to bail out the banks with public money
Socialism for the rich, they divided the public money between themselves, printed out Monopoly money for everyone else
41-45, M
This page is a permanent link to the reply below and its nested replies. See all post replies »
Heartlander · 80-89, M
I remember. It’s when the “too big to fail” phrase found its way to public awareness. Oh wait, that was another 10 years earlier. I think it started when a big, a really big Chicago bank failed and bank regulators withheld receivership for a few days to allow other banks to quickly withdraw uninsured fed funds. But then when the bank finally went into receivership there wasn’t enough money left to cover deposits that exceeded FDIC guarantees.