While bank trading operations are highly profitable again, the part of banking that really matters — lending, which fuels investment and job creation — is not. Full Story »
Posted by Jacopo Gradassai - via OneRiot, AllTop, Google News (Business), Opinion Source, New York Times (Most Emailed), New York Times (Opinion)
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This is another excellent commentary from Paul Krugman. He is right on target about the irresponsible actions of major banking institutions.
Why the change in tone? Administration officials are furious at the way the financial industry, just months after receiving a gigantic taxpayer bailout, is lobbying ... More »
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