Sunday, October 18, 2009

Banking 101: Bonuses are not loans

New York Times:

How can some banks be prospering so soon after a financial collapse, even as legions of people worry about losing their jobs and their homes?

You know, it's funny. Some people might call it a contradiction. Me? I call it a direct relationship!


C-Nihilist said...

Owen Paine at SMBIVA says our "protected job famine and credit drought" is deliberate. and has its beneficiaries.

JRB said...

His artist's rendition is a good start, but I doubt if Larry Summers can assume that expression.