Tens of thousands of financial whizz-kids have made millions on the subprime scam over the last several years.
Banks made billions in profits and distributed much of this to shareholders, while executives of five of the major banks made $95 billion between them, according to the Financial Times.
The orgy of ‘‘financialisation’’ – combined with deregulation, privatisation, tax-cutting and outsourcing – made billionaires of many. With its collapse will come misery for tens of millions of...
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