Sunday, October 25, 2009
'This is like looting'
Boston’s Jeremy Grantham on Wall Street’s growing share of the nation’s GDP:
Boston’s Jeremy Grantham on Wall Street’s growing share of the nation’s GDP:
This is like looting … That 7.5%, that goes to financial fees, is on its way to 10%. This industry can grow to gobble up all the benefits of the real economy if allowed to. It is trying to grab our cash. It's obscene.But will Obama try to strike a global anti-trust deal? ... The NP's headline was simply music to my ears: ‘Time to bust up the world’s banking giants’ … More on Grantham here.
