Congress passes risky bill on spending says writer

To the Editor:

Your readers can thank Congress for the expensive Christmas gift it gave to Wall Street corporations and banksters in the new federal spending bill passed earlier this month.

Wall Street can go back to business as usual now and invest the regular FDIC-insured deposits that you, and I and others like us have for even riskier bets.

Does the 2008 bailout ring a bell for you? Total cost to the taxpayers to bail out Wall Street on those risky bets amounted to at least $1.2 TRILLION, the latest estimate by Bloomberg News from examining

government documents concerning the bailouts to h...