January 16, 2010

The Rich get richer, the poor get poorer....

From some oldie song there is the line: the rich get richer and the poor get poorer..
Well it seems true that the rich do catch a couple breaks on their way to getting richer. According to Harper's Index figures as of December 2009:

Number of executives at Wall Street banks so far who have been tried on criminal charges related to the financial crisis: 2
Number acquitted: 2

Percentage tax rate that Goldman Sachs paid on its profits for year 2008: 0.6

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