Friday, October 7, 2011

10 things you should know about Wall Street


Hat tip to Les Leopold at Alternet for putting this handy list together.
  1. Wall Street caused the crash.
  2. Wall Street caused the unemployment crisis.
  3. Wall Street profited from the bailouts and remains unaccountable.
  4. The super-rich are getting richer.
  5. The super-rich are paying lower and lower taxes.
  6. Financial elites pay lower taxes than their secretaries.
  7. None of those who caused the crash have been prosecuted.
  8. Wall Street is much too big and its salaries are much too high.
  9. Wall Street still owns the regulators.
  10. Financial innovation is a joke.
You can read the whole thing here.