Why doesn't the US government buy shares of companies instead of “bailing them out”?

Episode Summary

As Congress continues to negotiate a bailout, Republicans seem intent on exploiting the crisis to enrich Wall Street, while Democrats offer meek resistance. Matt Bruenig of the Peoples Policy Project breaks down the various proposals in Congress, compares the U.S. plans with other countries’ responses, and lays out some of the tenets of what a bailout for the people should look like. Meanwhile, the fate of more than 2 million people locked up in U.S. jails and prisons hangs in the balance as coronavirus begins to spread among incarcerated populations. Workers at carceral facilities are also getting sick. While some cities are working to release pre-trial detainees and people convicted of non-violent technical crimes, legal groups and human rights organizations are sounding the alarm bells on what could be a horrifying aspect of the coronavirus pandemic hitting people who are literally prevented from social distancing. Premal Dharia, Founder and Director of of the Defender Impact Initiative, describes the situation in carceral facilities across the U.S. and why she is warning of a humanitarian disaster if action is not taken immediately.
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