Published on The Confluence, by riverdaughter, August 16, 2013.
Go read No Banker Left Behind at the NYTimes. Let us recap, shall we?
The bankers, who had all of their bonuses protected and bailed out with our federal tax dollars when they blew up the world because people like Larry Summers argued that it was unfair to violate their compensation contracts, are bearing down on Detroit to pay outrageous sums of money on ill-advised derivatives transactions that will result in innocent Detroit municipal employees forfeiting up to 90% of their pensions. Continuer la lecture de « What the bankers are doing to Detroit is criminal »