Wall Street Bonuses Could Stop Foreclosures for 4 Years

I know I cite to Bill Moyers all of the time, I can’t help it.  The Journal was good tonight—it was Matt Taibbi and economist Robert Kuttner talking about the chokehold the financial industry has on our government.  Watch it or read the transcript here.

There is also a segment on City Life, a group helping homeowners fight foreclosure by holding meetings and supplying pro bono lawyers. 

Get this statistic:  The 150 billion that Wall Street is paying in bonuses this year could stop all foreclosures for 4 years, or balance all of the state’s budgets.

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