Taxpayers Are Still on the Hook for Wall St.

Timothy Haight, OC RegisterThe 2008 financial crisis produced an unprecedented bailout of financial institutions by the federal government, to the tune of more than $700 billion. This cash infusion was designed to prevent a catastrophic collapse of our financial institutions. While the government's intervention was necessary to restore liquidity and solvency, the unintended consequence was to reward bad behavior on the part of Wall Street financiers.

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