Friday, April 17, 2009

Two on Wall Street

  • "For every 100 dollars corporate America made between 1973 and 1985, the financial sector took 16 dollars. In 1986, the share rose to 19 dollars and 21 to 30 dollars in the 1990s," notes Hong Kwon-hee — Wall Street. "In the 2000s, the figure has risen to 41 dollars."


  • Zach Carter on a "plan [that] all but guarantees-see if this theme sounds familiar-a windfall for banks that lied to regulators and investors so that they'd be allowed to lend out far more money than they could realistically afford to" — Is Geithner's Hedge-Fund Bailout Illegal?
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    Omnes Sancti et Sanctæ Coreæ, orate pro nobis.