American Divide: Wall Street and Main Street
Apr 26th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
American Divide: Wall Street was beginning to regain its swagger after the post-Lehman Brothers meltdown and $140bn in compensation and bonuses was provided for in 2009. However, the revelations about investment bank Goldman Sachs and its handling of junk mortgages as the boom was turning to a bust, will be harder to live down. Simply, money will not so easily buy credibility on Main Street.