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• American Banking News

Now that most of the big banks took bailout money in America, that assertion has been making the rounds in an attempt to take the focus off the real causes behind the failure of the American banking system. Of course I don’t feel sorry for the bankers in any way, as they knew this was coming when they went running to the government and Federal Reserve begging for handouts. So there’s no sympathy there from me in any way. The moment business runs to the government to access taxpayer money, they have essentially left the free market and are moving toward fascism and socialism, which has been proven over the long term to not work. So with many writers with socialists leanings and sympathies write about the pay of bank CEOs being the thing that led to the failure of the banking system, they’re either completely ignorant of the business of banking in general, or are being totally dishonest in their assertions. Does this mean the any business CEO should be rewarded for terrible p

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