Editors' Blog

Why does the working class have to pay for Wall Street's crisis?

The international financial crisis of several years ago cost  finance capital trillions of dollars, even though the US bailed them out with 15 to 20 trillion dollars (the same US that allegedly owes a big chunk of its national debt to the banksters it bailed out; shouldn't we have gotten a forgiveness of the "debt" we "owe" them ?) Even with the bailout there was a big loss to finance capital.