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Fact Sheet: How the Fed Is Enabling Future Main Street Bailouts of Wall Street’s MegaBanks

One of the most outrageous legacies of the financial crisis remains the use of Main Street taxpayer money to bail out Wall Street’s biggest banks that engaged in reckless risk taking and illegal activities in the blind pursuit of profits and bonuses.  Those bailouts were justified as necessary to prevent a systemwide financial collapse and economic catastrophe like a second Great Depression.