This is a painfully long process this cycle, it is just getting started…but if we are ever to repair the financial devastation unrestrained bankers have inflicted on the world over the last 20 years, we must keep pushing them back into the bottle of regulation, speculating/trading arms severed from government backed deposits, holding executives personally accountable for crimes. As these firms downsize and retreat from operations that were previously profitable, this is progress. Much more of this to come.
Sources tell Bloomberg that an additional 20% of investment bank employees at Barclays may lose their jobs. Here is a direct video link.
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