What can you say about this?...other than it stinks. The guys that caused the problem walk away as the big winners while the general public gets fleeced via a dollar collapse, tax payer abuse, and the continued fall of their real estate.
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The Highlights:
1) 2010 Pay up 5.7% to 135 Billion
2) Wall Street Revenue of $417 Billion – How? It’s obviously not from lending proceeds as lending as fallen off a cliff (see M3). Thus, it can only be 1) government handouts, and 2) trading profits (with taxpayer funds).
So I ask – what positive role do these institutions play in the economy? aside from giant leaches of capital? Anyone? Anyone?
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