Badlands Book Club: The Creature From Jekyll Island - Chapter 3
CannCon and Ashe in America tackle Chapter 3 of G. Edward Griffin's The Creature from Jekyll Island, where the theoretical bailout playbook from Chapter 2 gets applied to real history. Penn Central, Lockheed, New York City, Chrysler, Commonwealth Bank of Detroit, First Pennsylvania Bank, and Continental Illinois all get walked through the same script: reckless loans, emotional blackmail to Congress, taxpayers absorb the losses, and the banks walk away whole. The FDIC gets exposed as a tiered system that quietly hands large banks a free ride on uninsured deposits paid for by smaller banks and…
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