Most people know the 2008 crash happened.
Very few know who designed the response.
Henry Paulson was the US Treasury
Secretary in 2008.
He was the man who went to Congress
and demanded 700 billion dollars of
taxpayer money to bail out the banks.
Before becoming Treasury Secretary —
Paulson was the CEO of Goldman Sachs.
Goldman Sachs received bailout money.
Goldman Sachs had also been
simultaneously selling mortgage backed
securities to clients while secretly
betting those same products would fail.
Within one year of receiving taxpayer
bailouts — Wall Street banks paid out
140 billion dollars in bonuses.
To the same people who caused the crash.
Not one senior banker went to jail.
Made a short video covering the full
documented timeline. Would love to
hear what this community thinks.
h/t unforgettable111