Total moved out of big banks $784107

Top indicators of the one-year anniversary of the financial meltdown

One year ago today, Lehman was allowed to fail. The economy went into shock and Wall St's investments began to unravel..

Top 1 Percent of Americans Reaped Two-Thirds of Income Gains in Last Economic Expansion" - Center on Budget and Policy Priorities

Here is an explanatory graph:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aYdgQkXu9eBg. The quote on the anniversary of Lehman's collapse: “In the U.S. and many other countries, the too-big-to-fail banks have become even bigger. The problems are worse than they were in 2007 before the crisis.”

Wall Street's Mania for Short-Term Results Hurts Economy": "The more fundamental problem, as the Aspen panel reminds us, is that the components of modern finance -- the securities, the trading and investment strategies, the financing techniques, the technology, the fee structures and the culture in which they operate -- are all designed to work together to maximize short-term results. And, in such a self-reinforcing system, it is very difficult to change any one feature without changing all the rest."


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