The massive wealth and profits generated by the big Wall Street banks is draining away. Nearly half of the profit they earned over the last couple of years on the strength of mortgages, CDOs, etc....
Some weeks are good, some are bad. Last week was a bad one. Housing, credit crunch, etc, all weighed. Banks reported worse than expected earnings. Get the whole picture below.
Momma Bernake is giving the bottle to Wall Street Bankers and Traders to keep their businesses afloat. Do you think they'd throw any of us a lifeline? Doubtful.
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