POLS 3560 Lecture Notes - Ananya (Actress), Hedge Fund, Layoff
26 Mar 2014
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Pols 3560 fall/winter 2011/2012 ananya mukherjee-reed. Lecture 17 financial crisis feb 28. They got all these fancy names for trillions of dollars for credit, cmo, cdo, siv, Hedge fund managers came home with 50 to 100 million bucks a year". Last year, 40% of all corporate profits came from the financial services industry. Not production, not anything remotely to do with the needs of the american public. The truth is we are all part of it now. Banks, consumers they are moving the money around in circles. It is clear as a bell to those who pay attention. The bounty for bailout barons from 2006 through 2008, the top five executives at the 20 banks that have accepted the most federal bailout dollars since the meltdown averaged million each in personal compensation. One hundred average u. s. workers would have to labour over 1,000 years to make as much as these 100 executives made in three.
