The Covid-19 Bailout That Big Business Is Lobbying for Could Make America Unrecognizable — Matt Stoller

Supporting industries is necessary to mitigate the economic impact of the pandemic. But using the coronavirus as an excuse, Boeing and other companies are trying to get taxpayers to foot the bill for their managerial errors. It is not too late to put a limit on corporate subsidies....

ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of Business
The Covid-19 Bailout That Big Business Is Lobbying for Could Make America Unrecognizable
Matt Stoller

Dean Baker — The Myth That Sold the Wall Street Bailouts

With the other Wall Street behemoths also on shaky ground, then–Treasury Secretary Henry Paulson ran to Capitol Hill, accompanied by Federal Reserve Chairman Ben Bernanke and New York Fed President Timothy Geithner. Their message was clear: The apocalypse was nigh. They demanded Congress make an open-ended commitment to bail out the banks. In a message repeated endlessly by the punditocracy ever since, the failure to cough up the money would have led to a second Great Depression.

The claim was nonsense then, and it’s even greater nonsense now.

Counterpunch

The Myth That Sold the Wall Street Bailouts
Dean Baker