Thursday, July 19, 2012

Wall Street's Biggest Heist Yet? How the High Wizards of Finance Gutted Our Schools and Cities | Economy | AlterNet

Wall Street's Biggest Heist Yet? How the High Wizards of Finance Gutted Our Schools and Cities | Economy | AlterNet
"When much of Wall Street collapsed in 2008 as a direct result of their corrupt business model, their pals in Washington used the public purse to resuscitate the same corrupt financial model – allowing even greater depositor concentration at JPMorgan and Bank of America through acquisitions of crippled firms. And now, Wall Street may get away with the biggest heist of the public purse in the history of the world.  You know it’s an unprecedented crime when the conservative Economist magazine sums up the situation with a one word headline: “Banksters"."