Thursday, January 28, 2010

Rise of the banksters, graphed

meanreversion

So, where did the money come from to pay the financial sector that spectacular surge in profits up until the crash of 2007-2008? How much has your paycheck increased over the past decade? It's simply mind-boggling that many Americans just won't admit that Wall Street is worse than useless - it is actively harmful.

More commentary from a retired central banker, here: Financial Engineering the American Nightmare.

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