“Bailout” became a curse word in American politics following the 2008 global financial crisis, fueling backlash among people who felt the risks and potential consequences of capitalism didn’t apply to big corporations or the wealthy.
-
-
(CNN) — The stimulus deal the Senate agreed to on Wednesday will prohibit loans or investments from Treasury programs to be used to benefit businesses controlled by the President, the vice president, the heads of executive departments and members of Congress, Senate Minority Leader Chuck Schumer said in a letter to Democrats. The prohibition extends to the […]
