What kind of black hole sucked up all these billions? The money is out there somewhere looking for a home. And it's all American so eventually it will come here.
But someone robbed these investors, don't you think? I'm assuming that most were pension and insurance funds gambling on the boom.
401 k money. Mine and yours. Still like Wall Street?
How Have the Bankers Done in the Lesser Depression?
But someone robbed these investors, don't you think? I'm assuming that most were pension and insurance funds gambling on the boom.
401 k money. Mine and yours. Still like Wall Street?
How Have the Bankers Done in the Lesser Depression?
How Have the Bankers Done in the Lesser Depression?
Investors in Goldman Sachs have lost more than half their money since 2007:
Goldman Sachs Group Inc The GS US Stock Quote Analysis Bloomberg
Investors in Morgan Stanley have lost more than three-quarters of their money since 2007:
Morgan Stanley MS US Stock Quote Analysis Bloomberg
Investors in Citigroup have lost 93% of their money since 2007:
Citigroup Inc C US Stock Quote Analysis Bloomberg
Investors in Bank of America have lost 85% of their money since 2007:
Bank of America Corp BAC US Stock Quote Analysis Bloomberg
Investors in Bear Stearns, Lehman Brothers, and Merrill Lynch lost more than 90% if their investments as well…
Talk about a bunch of people who had a really strong financial incentive for reflation...
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