Another financial crisis, another bailout? As the bank failures pile up, it seems that capitalism is overdrawn once again. And, as in past economic collapses, it looks like the public will be expected to “socialize” the losses imposed on us by government deregulation and the risky investments of the financial class.
Cartoonist Greg Kearney offers his take in this week’s cartoon. Check out this article in People’s World to get all the details of what the collapse of Silicon Valley Bank and Signature Bank mean: Silicon Valley Bank collapse reveals danger of a wider financial crisis.
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