Wednesday, February 27, 2013

Taxpayers subsidize big banks handing out $85 billion annually. (VIDEO)

Sen. Elizabeth Warren (D-Mass.) grilled Federal Reserve Chairman Ben Bernanke about the risks of having banks that are too big to fail on Tuesday.

According to a recent Bloomberg study, some of the biggest banks are receiving $83 billion in subsidies each year.

Bernanke appeared before the Senate Banking Committee and was forced to answer whether or not these financial institutions should be forced to reimburse taxpayers for the bailouts.

Anthony Randazzo, director of economic research with the Reason Foundation, breaks down the numbers.

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