Dylan Ratigan: Buy Up Assets

Posted by admin on Friday, May 8, 2020

Dylan Ratigan Money Quote saying funds from the Cares Act was given inappropriately to banks and investors to acquire assets of those losing them. Dylan Ratigan said:
 
This is not a bailout for the American people, this is giving cash to a small group of investors and banks so that they can buy up bankrupt assets from everybody else Quote
 

“This is not a bailout for the American people, this is giving cash to a small group of investors and banks so that they can buy up bankrupt assets from everybody else” — Dylan Ratigan

 

Share </> Quote Image

Share the Dylan Ratigan Money quote image above on your site:

 
Short Link to this Quote:

[collapse]

 

In this quote, Dylan Ratigan is criticizing the 2008 bank bailouts as not truly being intended to help average Americans, but rather to benefit major financial institutions and wealthy investors. He argues that the bailouts were not about supporting the broader economy or people facing hardship, but rather served to provide large sums of cash to a small number of banks and investors so they could purchase distressed assets from others at reduced prices.

Ratigan portrays the bailouts as a way for large financial entities to profit further by using taxpayer money to take over troubled companies and properties on the cheap, rather than as an economic stimulus. The quote suggests the bailouts prioritized rescuing investors and banks from the consequences of their actions over assisting ordinary citizens struggling in the recession.

Overall, Ratigan conveys a skeptical view that the bailouts were more of a backdoor transfer of wealth to Wall Street rather than an effective means of stimulating the real economy and aiding Americans facing unemployment, foreclosure or other hardships.

Quote Search

 

Categories: fairness Tagged:

Leave a Reply

You must be logged in to post a comment.

Money Quotes Daily

Money Quotes Daily