The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own.
Thursday, July 17, 2008
Banks do in fact bounce
If you drop them from a great enough height. Chart of the day - the rally in financials seen on Wall Street late Wednesday.
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