The so-called bailout of banks & big companies was a corrupt infusion of government cash to loser firms and crooked insiders.
The bailout & TARP were also an illegal government subsidy: unfair to smaller unsubsidized domestic firms, and against WTO rules (anti-competitive against unsubsidized foreign companies).
If the Frenchies or Chinese offered such government subsidies, we'd expect the USA and US Chamber of Commerce would scream bloody murder... But Big Capital protects itself (at taxpayer expense).
The bailout & TARP were also an illegal government subsidy: unfair to smaller unsubsidized domestic firms, and against WTO rules (anti-competitive against unsubsidized foreign companies).
If the Frenchies or Chinese offered such government subsidies, we'd expect the USA and US Chamber of Commerce would scream bloody murder... But Big Capital protects itself (at taxpayer expense).
