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  1. #1
    Resistance is futile.

    Join Date
    Nov 2007
    Local Union
    391
    Employer
    YRC-Roadway
    Location
    North Carolina
    Posts
    3,427
    Rep Power
    859

    Default 2009: The Year Wall Street Bounced Back and Main Street Got Shafted

    In September 2008, as the worst of the financial crisis engulfed Wall Street, George W. Bush issued a warning: "This sucker could go down." Around the same time, as Congress hashed out a bailout bill, New Hampshire Sen. Judd Gregg, the leading Republican negotiator of the bill, warned that "if we do not do this, the trauma, the chaos and the disruption to everyday Americans' lives will be overwhelming, and that's a price we can't afford to risk paying."

    In less than a year, Wall Street was back. The five largest remaining banks are today larger, their executives and traders richer, their strategies of placing large bets with other people's money no less bold than before the meltdown. The possibility of new regulations emanating from Congress has barely inhibited the Street's exuberance.

    Robert Reich: 2009: The Year Wall Street Bounced Back and Main Street Got Shafted

  2. #2
    One More Time

    Join Date
    Mar 2008
    Local Union
    245
    Employer
    RoadWay Express
    Location
    In the Ozarks
    Posts
    2,846
    Rep Power
    509

    Default Re: 2009: The Year Wall Street Bounced Back and Main Street Got Shafted

    While the rest of the Nation recieves pay-cuts and lay-off notices. Seems hardly fair. I suggest anyone banking do as I have done and take it out of a bank and become a "Credit Union Member".

  3. #3
    ENOUGH I'VE HAD ENOUGH!!!

    Join Date
    Aug 2008
    Local Union
    560
    Employer
    Who Knows?
    Location
    nowhere
    Posts
    2,997
    Rep Power
    577

    Default Re: 2009: The Year Wall Street Bounced Back and Main Street Got Shafted

    Good idea!

    That's if you have something to take out!

 

 

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