Jon Stewart on $7 Trillion in Secret Loans to Wall Street Banks During Financial Crisis

Category:  BloggERy
Friday, December 9th, 2011 at 9:07 PM
Jon Stewart on $7 Trillion in Secret Loans to Wall Street Banks During Financial Crisis by Jay Stevens
DinoVedo

So in that cover piece I wrote on Occupy Erie and the Occupy movement, I mentioned that the government loaned trillions in zero-interest loans to Wall Street banks during the financial crisis -- which they turned around and loaned back the government at standard interest rates, profiting for over $10 billion on the deal -- well, Jon Stewart explains how it worked.

It's the first 8 minutes. Go watch.

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Join Erie Reader photojournalist Maitham Basha-Agha, and local photographer Erica Whiting on a two-hour photo exhibition.

Erie’s own pop punk quartet, Jurassic Skatepark, are releasing their latest EP, Dog Years.

IN THIS ISSUE

Warner upgrades highlight an optimistic outlook for 2017 and beyond.

Cultivating a woman’s spirit of entrepreneurism

Red, wild, and blue

Join Erie Reader photojournalist Maitham Basha-Agha, and local photographer Erica Whiting on a two-hour photo exhibition.

Erie’s own pop punk quartet, Jurassic Skatepark, are releasing their latest EP, Dog Years.

Yuri quickly establishes itself as an incredibly enjoyable record from the beginning.

Ron Bayuzick brings a grand gesture to the Erie Art Museum.

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