Today I read an article about President Obama stating that the jobless claims will increase before the end of the year, which is not only discouraging to one like myself who is looking for a job, but also disheartening when one thinks of all those people out there who are struggling to support their families and have yet to get a reprieve from the job market. And yet, investment firm Goldman Sachs, which was part of the financial crisis, has not only survived, but has acquired great profit in this turmoil.
In his article yesterday, Glenn Greenwald of Salon.com provides a timeline from September 2008 to today regarding the financial crisis:
Remember all of this — the $700 billion bank bailout, the AIG scandal, dark and scary threats of imminent global meltdown if there wasn’t full-scale capitulation by the citizenry to the immense transfer of public wealth to the private investment banking sector? Such distant, hazy memories: so many exciting celebrity deaths and riveting celebrity resignations ago. If sequences of events like these don’t cause mass citizen outrage, then it’s hard to imagine what will:
By the way, if you don’t already include Glenn Greenwald’s articles as part of your daily reading, you should.