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When Donald Mullen Jr. saw the beginning of the market decline that led to the crash of 2008, he told his colleagues at Goldman Sachs, “Sounds like we will make some serious money.”
Over 30 percent of Hillary Clinton’s top campaign donors made their money from the financial services industry, an analysis by The Guardian shows.
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 May 4, 2016
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