majicbar
09-13-2012, 03:37 AM
http://www.huffingtonpost.com/mark-gongloff/financial-crisis-cost-128-trillion_b_1878857.html
The 2008 financial crisis cost the U.S. economy at least $12.8 trillion, a new study found -- and that's a "very conservative number," according to the authors.
The study, timed to coincide with the fourth anniversary of the Lehman Brothers bankruptcy, is a direct counter to the banking industry's relentless warnings of the potential costs of new financial regulations.
The cost of letting the banks wreck the global economy again is far, far higher.
Comment.......That is the same for loosing every American $40,000, nice, real nice.
The 2008 financial crisis cost the U.S. economy at least $12.8 trillion, a new study found -- and that's a "very conservative number," according to the authors.
The study, timed to coincide with the fourth anniversary of the Lehman Brothers bankruptcy, is a direct counter to the banking industry's relentless warnings of the potential costs of new financial regulations.
The cost of letting the banks wreck the global economy again is far, far higher.
Comment.......That is the same for loosing every American $40,000, nice, real nice.