Quote:
Originally Posted by capecodphyllis
Chairman of the New York Fed Caught Screwing Other People, Resigns
Friedman is now choosing to resign from the New York Fed due to his insider stock trading.
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Isn't this exactly what Cam just wrote about?
Quote:
Originally Posted by camaraderie
....CEO & Exec salaries of Fortun 500 execs 350x the average worker are outrageous and due to a closed society of interlocking directorships and good old boy networks and bonus plans that reward short term performance even though it destroys long term viability.
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What's amazing is the guy is in a high visability position and didn't think he did anything wrong. Don't they put us "little people" in jail for insider trading?
Meantime, back in our reality... Today from MSNBC
"If laid-off workers who have given up looking for new jobs or have settled for part-time work are included, the unemployment rate would have been 15.8 percent in April, the highest on records dating back to 1994."
Layoffs ease by more than expected in April - Stocks & economy- msnbc.com
Where's Windy's chart? Isn't it time to update it?