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.