The housing bubble made tons of money for lots of people...the banks lost but got lots of Free bailout cash and the CEOS still got their bonus
"He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
"When Faith preaches Hate, Blessed are the Doubters." - Amin Maalouf
I counted 14 from this country alone. Now, being from Charlotte, I can speak of this, what do you think happens to a city like Charlotte when Wachovia closes?
Think real hard.
Here, let me help you:
Yeah, we got smashed. We had just built a skyscraper for Wachovia (guess that was good luck for Duke Energy?). Anyway, we will make it through this and Charlotte is a beautiful, amazing city for anyone who is looking to relocate. We are trying to stay in the financial sector while expanding into energy as well (clean energy). It is a great place to live.The travails of the financial crisis, punctuated in Charlotte by Wachovia’s near collapse and takeover by Wells Fargo, thumped Charlotte’s finance and insurance sector, which between 2008 and 2010 lost 9 percent of its jobs, a drop to 77,000. Bank of America, the other top-five bank in Charlotte, has moved some of its operations to New York.
Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb