The Great Bank Robbery

I do not understand why Wall Street is not running red with blood. Are you asleep America? Are we?

For the American economy – and for many other developed economies – the elephant in the room is the amount of money paid to bankers over the last five years. In the United States, the sum stands at an astounding $2.2 trillion. Extrapolating over the coming decade, the numbers would approach $5 trillion, an amount vastly larger than what both President Barack Obama’s administration and his Republican opponents seem willing to cut from further government deficits.

The poor in the US, the uninsured, the hungry, the foreclosed upon, the barely paid, the ejecta of the American economic engine continue to be ground down under this farce.

 

The great bank robbery – Global Public Square – CNN.com Blogs via Bankers will take $5 trillion from American economy over the coming decade – Boing Boing

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: