Friday, October 12, 2012

Rich get Richer

That statement was never more true. JPMorgan Chase, the country's biggest bank by assets, just reported a record quarterly profit, and Wells Fargo, the most valuable US bank and largest mortgage lender, said its third-quarter profits increased 22 percent. Of course none of this helps the middle class. There is no "trickle down effect". That was disproved over 20 years ago. The rich keep the money. I guess there is always room for another yacht

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