No upward limit is in sight for financier compensation, with CEO salaries now at about a million a year. But the banking institutions themselves are in for some bumpy days ahead.
William D. Cohan, The New York Times. April 24, 2010.
Through the Federal Reserve, the public is basically giving the mega banks free money and letting them make bundles on the difference with which they lend.
Wall Street's raking in massive profits and paying its execs and traders record bonuses, thanks in part to government cash. What about ordinary Americans?
The presidential candidates could get the attention of even the most apathetic voters by talking seriously about the crushing interest rates that are burying more and more Americans.