Wall Street hasn't learned and isn't repentant. We're likely to have another crisis. Maybe this year, maybe next. Maybe they keep it together for a few years. But sooner or later this house of cards falls. Derivatives is one of the dirty words of the financial crisis. Though these often-risky bets were blamed by many … Continue reading Bailed-Out Banks Haven’t Changed
Day: September 28, 2009
US income gap widens as poor take hit in recession – Yahoo! News
Not much else to say: The recession has hit middle-income and poor families hardest, widening the economic gap between the richest and poorest Americans as rippling job layoffs ravaged household budgets.The wealthiest 10 percent of Americans — those making more than $138,000 each year — earned 11.4 times the roughly $12,000 made by those living … Continue reading US income gap widens as poor take hit in recession – Yahoo! News
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