As Foreclosures Hit All-Time High, Wall Street on Pace to Hand Out Record $140B in Employee Bonuses PVNN October 16, 2009
Wall Street Gangsters: The Largest Theft in History - This was all quarterbacked by the Federal Reserve. (MSNBC)
The Dow Jones Industrial Average has topped 10,000 for the first time in a year, as JPMorgan Chase reported massive profits in the third quarter. Meanwhile, the Wall Street Journal is reporting that major US banks and securities firms are on pace to pay their employees about $140 billion this yeara record high.
But on Main Street, foreclosures are also at record levels, and the official unemployment rate is expected to top ten percent.