Papantonio: How Wall Street Sabotages Economic Growth

[GoLeft TV]

Talk of the Fiscal Cliff has been dominating the airwaves for the last weeks, with Republicans hoping to cut social programs, and Democrats attempting to roll back the Bush tax cuts for the wealthy. But beyond the partisan bickering lies the real problem facing our economy – Wall Street greed, and Ring of Fire’s Mike Papantonio spoke with author Les Leopold recently about how unmitigated Wall Street greed has helped push Americans over the fiscal cliff.

Read The Full Article Here:
http://www.alternet.org/economy/8-reasons-wall-street-greed-cause-and-solution-phony-fiscal-cliff-crisis?page=0%2C0

[DhhD]

1. Are the 1% leaving the RW Extremist to move to the Democratic Lawmakers?

[pam4water]

2. "The top 25 hedge fund guys in 2010 ... made as much as money in ... as 658,000 teachers"

"The top 25 hedge fund guys in 2010, that's two years after the crash, made as much as money in one year as 658,000 teachers that teach 13 million kids."

http://www.huffingtonpost.com/les-leopold/why-are-25-hedge-fund-man_b_531420.html

That is worth repeating O: Then questioning.

Great info.

[NoMoreWarNow]

3. Good info-- wall st regulation is critical.