Jon Stewart on $7 Trillion in Secret Loans to Wall Street Banks During Financial Crisis
$7 trillion to Wall Street. Zero interest. In secret. Jon Stewart explains.
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.