The Golden Parachutes of the Financial Crisis

In the early 2000s there was a huge increase in the riskiest loans called subprime but when thousands of sub prime loans were combined to create CDOs many of them still received triple a ratings. The big banks not only did they get all this help from the state but then they turned around and gave all that money away to each other in the form of these what at the time was called golden parachutes or "golden parachutes" So you really see this like horrible, corruptive circle while why you know that allowed these people that are already incredibly rich and powerful to be bailed out no matter how reckless and absurd they behave. Obama administration brought on some of the very same ghouls