Wall Street vs. Main Street -- What's next?

The economy is still in trouble! US foreclosures hit record highs in 2010, but that may not be the worst of it. 2011 may be even worse. Meanwhile, JP Morgan Chase exceeded market expectations, announcing a 47% rise in quarterly profits and released details on a $28.1 billion pay and bonus pool. Nomi Prins, a Senior Fellow at Demos USA and the author of "It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street" argued the recession is ongoing, and will continue unless the government steps in to help the American people, instead of continuing to funnel money to big banks and corporations.

Category:

News & Politics

Tags:

• Kristine Frazao
• Nomi Prins
• RT America
• RTAmerica
• Economy
• Wall Street
• Main Street
• Banks
• Housing
• Crisis
• Recession
• Depression
• Politics
• Obama
• Government
• JP Morgan Chase
• Bonus
• Cash
• foreclosures
• Homes
• Funds
• Fed
• Demos
• Demos USA
• billions
• dollar
• Taxes

[TheResistancedude56]

enough is enough off with there heads!!!!!!!!!!!!!

[akamal1113]

That's what happen when banks are run by Jew

[PsychLion]

@xardas611 Umm name one black person in the US who is a victim of slavery? Blacks can do whatever they want to do. Time to stop blaming whitey.

[DurexDurpaneu2]

@lucrefarul guess what? I was born into debt slavery. And I crawled out of it by being smart!

Hints: stay away from banks.

Don't buy sh*t you don't need.

Do what ever it takes to elevate yourself.

Invest your time into something that you love and it will pay off. THINK!

[xardas611]

I hope Obama redistributes all income from white slave owners to poor black slave victims, and puts white people into camps!!!

[xardas611]

I hope Obama redistributes all income from white slave owners to poor black slave victims, and puts white people into camps!!!

[blackiron60]

@akamal1113 Banks are always parasitical no matter who runs them.

[BlankBrain]

@ericlepiq She said hienous, which means wicked, villainous and despicable.

[MrJeepin420style]

@Leonnidik i did not at the time i bought my house i had two well paying jobs. well one good paying job that payed the bills and one job to supplement my entertainment (i had a nice 4X4 thst i plsyed around in) my second job closed so there went my 4X4 no prob. then my main job that payed the bill drastically cut my over time i got another second job but i can not make up the loss of over time pay i went from clearing just over 100k to now just under 70k.

[jonjon1189]

Wow I have never seen a news report like this. I actually understand what there talking about? Whoa.. I don't know if America is ready for news media they can actually comprehend.

[romeoechomike369]

One day before 911, Rumsfeld said on TV that the Pentagon could not account for 2.3 Trillion dollars. Add to this the fact that the FED will not tell (or cannot tell) congress where Trillions of dollars given to the banks (AIG, Goldman Sachs, etc) has gone, nor how much each of the CEO's received, even though their profits are the highest of any year! The government has become an accessory before and after the fact in the largest Ponzi scheme in history, and has in fact rewarded criminals!

[svyblov]

...Next is Main Stream into Main Ass...