Letting your cash sit idle is all the time not advisable. The dearth of legal punishment of the c entral bankers and investment bankers and scam lenders and shadow banksters contributes to why we’re the place we’re. They are not paying back all the lost jobs, the losses of investors on the stock market, etc.
For the contest we have been required to pick a topic from that checklist (it was called the “Idea Financial institution” and it was intensive) and write no matter we wanted about it. Every day, throughout the competition (it ran for a couple of month), the HubPage employees would randomly draw one of many articles submitted and award a money prize.
Right this moment on NPR they had monetary talking heads going over the file 2nd quarter profits for Goldman and Chase and a few others and I puzzled how much of that was simply letting them return to the slippery accounting practices of the pre-bust occasions, earlier than Lehman fell.
Because it was thought-about to be too big to failâ€ with out inflicting major financial disruption, on January sixteen, 2009, Financial institution of America obtained $20 billion in a federal bailout from the United …