Notice that not one of these failed CEOs is hurting from his failure at all. The head that wears the crown lies pretty easy.
The economic irrelevance of naval power
1 week ago
Notice that not one of these failed CEOs is hurting from his failure at all. The head that wears the crown lies pretty easy.
Here is at least one piece of the supposed synergy between Bank of America and Countrywide. I still wonder whether BoA is also keen to hide its own, separate exposure.
The American middle class is losing out to the plutocratic policies of the Bushists. Of course, that's not all: Globalization works in favor of elites but against everyone else, at least in the short run and possibly until there's worldwide wage equalization. A government that cared about its citizens rather than just its political cronies could mitigate the effects of the global economy; this one doesn't care.