Government of our money, by Wall Street, for Fat Cats:
Pension savings, now estimated at nearly $3 trillion, could be invested in companies to finance productive growth, in bonds to fix bridges and build schools, in education loans and environmental protection. Instead, they have become rich fodder for Wall Street money managers. In the past three decades, partly because of this pension wealth, the financial services sector has increased its overall profits from 16 percent of total corporate profits to more than 40 percent.
via Protecting Retirement Funds From Wall Street Speculation | The Nation.
Leave a comment