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 the public. The duo also uncover significant content missing from the fifth edition compared to the third, including entire sections on the FDIC mechanics and the Unity Bank bailout, and ask the question everyone should be asking: why was it removed? Plus, CannCon drops the news that an interview with author G. Edward Griffin himself may be on the horizon.