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By Ellen Goodman $24.95
Randy Le'Moine Photography (CC BY-ND 2.0)
While profits tripled and layoffs commenced in the banking industry last year, Wall Street divided at least $20 billion in gifts made of cash and stock among its employees.
walknboston (CC BY 2.0)
Rather than mobilizing savings to fund new industries, the banking system that comprises the financial, insurance and real estate sectors merely loads the economy down with debt.
JoshuaDavisPhotography (CC BY-SA 2.0)
The editors at The New York Times are not impressed with the deal struck between the government and major banks to provide borrowers with $8.5 billion in aid.
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Posted on Feb 1, 2015
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