I won’t pretend to know a lot about the semantics of the American economy (as was evidenced by my C in my grad level economics course), but anyone who’s paying attention can see that the banking industry isn’t doing so well lately. One of the largest banks in the world, CitiGroup, has been laying off thousands of employees a year for multiple years now after claiming billions of dollars worth of loss in the last quarter of 2007. This is just one example. Anyone remember the scene in Mary Poppins when the kids caused a run on the bank and everyone demanded their money back because they didn’t feel like their money was safe? I’m just about ready to go demand all my tuppence.
Archive for September 30th, 2008 |
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