Investment banks are reporting generally positive earnings, lawsuits stemming from the financial crisis are hitting the courts, and the stock market passed the 10,000 mark for the first time in a year. It's been quite a week in the economy; Lakshman Achuthan, from the Economic Cycle Research Institute, stops by the Takeaway to explain it.
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Comments [1]
Of course investment bankers are reporting positive earnings...duh! They should be since they're at it again, robbing, pilfering, lying... They only report negative earnings when they need a massive transfer of wealth from the poor to the rich under the disguise of a "bail out" otherwise, it's always a bonanza in Wall Street.
And y'all should be ashamed of yourselves for reporting this garbage and not concentrating on the real news: how the thieves are still in power and robbing, rapping and ridiculing the rest of the rest of us.
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