A clear account of what keeps

Donal — Wed, 30 May 2012 13:25:00 +0000

In reply to Wall Street III: Money Never Learns

A clear account of what keeps going wrong, but keeps getting ignored. One can see why the Street wants more money from under-informed investors. Around 2005, the business manager for a previous employer company was setting up a 401K and asked me how much I wanted to contribute. Not a penny, I told her. She was not happy, but of the thousands of dollars that the employer contributed, after all the losses in the 2008 crash and all the handling fees, I think there's about $250 left.

PS Democracy Now has a related article:

AMY GOODMAN: Well, our next guest asks why so little has changed in the banking industry in the nearly four years after the global economic collapse of 2008. Academy-Award winning director Charles Ferguson first examined the network of academic, financial and political players who contributed to the nation’s financial crisis in his documentary Inside Job. Charles Ferguson now has a new book out called Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America. It’s based on newly released court filings that reveal how major players contributed to the financial crisis.

dagblog - Comments for "Wall Street III: Money Never Learns"

A clear account of what keeps