One result of the reckless financial policies by the Fed as it liquidates the real economy is that wealth is tranferred to its friends in places like the big investment banks. Financial assets inflate, big money changes hands, commissions are made, government debt is financed, housing market is kept on life support, and the financial wizards generate unbelievable earnings while main street lines up for food stamps, and factories rust. This is the problem with the welfare state. This is where the real welfare goes, to places like Goldman.
Goldman staff to get average £250,000 payout - Telegraph:: www.telegraph.co.uk/finance/newsbysector/banksandf....html
https://chumly.com/n/197c746
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