Dean Baker On Fed Bank Bailout

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In a must-read, Dean Baker explains here how the Federal Reserve may have just handed over hundreds of billions of government money to America’s biggest banks. He also examines the reasons this is a bad idea, both the obvious and the non-obvious.

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For 50 years, Mother Jones has been publishing investigative journalism that doesn’t hold back. We’re independent from corporations and uninfluenced by those in power. Our commitment is solely to the truth.

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Our nonprofit newsroom is funded by donors from every state in the union—blue, red, and purple, all part of a community of readers who care about the future of our democracy.

This week is our spring membership drive, and we need 1,000 new donations to fund the urgent investigations already in our pipeline. Be the reason these stories get told. Make a donation to fund independent journalism, and help us reach our goal this week.

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