US economic crisis, but not for the rich


United States unemployment

The US unemployment rate reached 9.8 percent and the economy lost 263,000 jobs in September, undermining claims of an imminent economic recovery: here.

The 400 richest Americans have so far weathered the deepest economic crisis since the Great Depression with a combined $1.27 trillion, according to Forbes magazine’s annual list: here.

One year ago today, Congress passed the Emergency Economic Stabilization Act of 2008, establishing the Troubled Asset Relief Program (TARP) and authorizing the use of $700 billion in Treasury funds to bail out the banking industry: here.

Columbia Business School: toxic ideology dump: here.

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