
Jacobin Radio: Robert Brenner on Coronavirus
Jacobin Radio
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What's the Relationship Between the Great Bailout and the Great Financial Crisis?
The bailout of the financial sector in 2008, 2009 came to form the model for the bailout that is going on today. AIG, Bear Stearns, Citigroup, Bank of America got bailed out. The justification was called Too Big to Fail but it worked just fine. If you're well connected and big, you get bailed out; if you're not, you get screwed.
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