Friday, July 20, 2012

Stephen Colbert and NYT Bureau Chief, D. Leonhardt on The Libor Bank Rate Scandal

The whole financial system is rigged to enrich the wealthy at the expense of everyone else.

This time, the thieves at the top may finally go to prison.

But don't bet the farm... or what's left of it. (Since 2007, the American family's net worth is down 40%

Excerpt (from CNN Money): "The average American family's net worth dropped almost 40% between 2007 and 2010, according to a triennial study released Monday by the Federal Reserve.

The stunning drop in median net worth -- from $126,400 in 2007 to $77,300 in 2010 -- indicates that the recession wiped away 18 years of savings and investment by families."

"Inside Job" is Economics 101 for this Era of Legal Criminality
(With Spanish subtitles:

Who is responsible? 

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