World-News

Dean Baker, Truthout: There is a joke circulating on the Hill these days. 'What is the technical term for a Wall Street investment banker who supports free trade?' The answer, of course, is 'liar.' In spite of the $700 billion bailout package, Wall Street is going the way of the steel industry in Pittsburgh. The financial industry in the United States is hugely bloated and hopelessly uncompetitive in international markets. In this way, it shares similarities to the US steel industry in the late 70s, except Wall Street is much more poorly situated."

http://www.truthout.org/100608B



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