During the Senate’s Banking hearing held earlier this week, Sen. Warren (MA) grilled Fed Chairman Bernanke on the $83 Billion subsidy taxpayers are still paying out to the Too Big Too Fail banks. She asks Bernanke the simple question shouldn’t the Too Big Too Fail Banks pay back that $83 Billion subsidy they are receiving?
Why are they receiving it at all?
Watch Bernanke dance around answering her very specific question – [Read more…]