Monday, November 9, 2009

How Wall Street Is Ripping You Off

Nomi Prins' "It Takes a Pillage" should be required reading for all US citizens.

It explains in clear, terse prose what Wall Street did to blow up the US economy -- run up wild debts, polarize incomes, gamble like there was no tomorrow, and pay regulators to look the other way, until the house of credit cards collapsed -- and how they've bought off the politicians of both parties in Washington DC.

Prins also has this indispensable running tally of the total cost of the bailout. Hint: it's bigger than you think.

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