Corporate Payoffs: No accountability for the coronavirus bailout repeats the mistakes of 2008
In 2008, the first of the once-in-a-lifetime economic calamities of most of our lifetimes engulfed the country and the world. Now, just over a decade later, we get to experience the second. How well the country responded to the 2008 global financial crisis is still subject to debate. After the crisis peaked in September 2008 and the government intervened with various bailout programs, the financial system and corporate America stabilized. Corporate profits were rising again by the second half of 2009. Almost everything else is in dispute. Did the efforts to save the economy do enough to help average...
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