Posted AT 6:29 AM EST on 23/07/08
Wall Street's laughing all the way to the bank
The credit crisis really puts the free in free market. The freest market is supposed to be the United States, and the evidence in favour of that argument is mounting. It's just not what you think. Free, in this case, means a free ride for a select group of people. Wall Street never looked so good, or bad, depending on your perspective.
From early 2004 until mid-2007, the big Wall Street investment banks made $250-billion (U.S.) in profits.
The full text of this article has 647 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now



