Thursday, October 1, 2015

And the Banksters Lived Happily Ever After (Screwing You)

"What's the problem with having banks that are "too big to fail"?

You could answer this question with a long and technical history of how governments and taxpayers bailed out financial institutions during the Great Recession to ensure that their frailties didn't wreck the economy for everyone else. And how the financial crisis led to financial mergers and acquisitions that, in the end, just made these banks bigger.

Or you could read this eight-frame comic by Zach Weinersmith of Saturday Morning Breakfast Cereal, which gives a pretty accurate description."

See the cartoon at the Washington Post, A hilarious cartoon captures what went wrong with Wall Street.