BANKERS RAPE & PILLAGE AMERICA TO THE TUNE OF $5 TRILLION

Until the bankers on Wall Street are brought to justice and the bad debt purged from the system, the U.S. economy will never recover. These criminals continue to rape and pillage the wealth of the nation. Will this FHFA lawsuit be the beginning of the end for these thieves? I doubt it.

Nassim Taleb: The American Economy Will Transfer $5 Trillion To Banker Pay And Bonuses Over The Next 10 Years

For the American economy – and for many other developed economies – the elephant in the room is the amount of money paid to bankers over the last five years. In the United States, the sum stands at an astounding $2.2 trillion.

Extrapolating over the coming decade, the numbers would approach $5 trillion, an amount vastly larger than what both President Barack Obama’s administration and his Republican opponents seem willing to cut from further government deficits.

That $5 trillion dollars is not money invested in building roads, schools, and other long-term projects, but is directly transferred from the American economy to the personal accounts of bank executives and employees.

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