Thursday, May 17, 2012

Everything Old is New Again

Are you letting the JP Morgan $2 billion 'mistake' become background noise while you're busy doing something more important? You might want to pay attention. This is essentially the same unregulated financial sleight of hand that nearly imploded the U.S. economy, sent Iceland into bankruptcy (that's right an entire country!), and planted the seeds of the European financial crisis.

Want a 'simple' explanation? Sorry there isn't one! BUT, Khan Academy to the rescue!

Watch this, because while we're hearing that we need less regulation and poor people are continually blamed for the slow recovery of our nation, Wall Street is at it again...


No comments: