- 2011-10-09 Jill Stein (Grn) - Con
"We've all heard about the bailouts, the big bailouts of Wall Street, and you may have heard it was about 800 billion dollars that we paid out as part of this TARP [troubled assets relief] program. Well it's a well kept secret - it wasn't just 800 billion dollars, it turns out there were many many trillions more, in fact 16 trillion dollars, if you can wrap your head around it, that was basically given away as low interest and zero interest loans that was given to the biggest banks and financial institutions...
That's who the Fed, behind closed doors, gave 16 trillion dollars to, when we could have been using that money here instead of loaning it to the big banks to get them out of the hole that they created. We could put that money into our small businesses and to our municipalities and our state governments and start creating jobs right here."
- 2012-03-22 Presidential candidate campaigns on campus
Stein was fiercely critical of the Obama Administration's policies on energy, the environment, banks and corporate money in politics. "The Wall Street bailouts - Barack Obama was one of the big supporters of those bailouts before he came into office, but then once in office, that $800 billion TARP bailout became what?" she asked. "It became trillions. What was $800 billion became, depending on how you count it, became between $12 trillion and $16 trillion worth of free loans and giveaways to the big banks and others responsible for this trouble, and what happens to students?" Stein asked.
"Zip. We're bailing out the banks who caused the problem, and abandoning students."
She also opposes the system which created the apparent need for the bailouts in the first place:
...the takeover of our economy by big banks and well-
That is why a third priority of the Green New Deal is real financial reform, beginning by breaking up the big banks and retaking our monetary policy from the Federal Reserve Banks. We will reboot and reprogram the financial sector so that everyday Americans no longer need to live in fear of periodic crashes that are not of our making.