It should have been the lead story from coast to coast: A bipartisan panel of senators released a damning report that slammed bankers, regulators and ratings agencies. Yet the media responded with a collective yawn.
Goldman is charging at least $60 million in service fees with Facebook, and they can unload their investment whenever the bubble deflates. Those "lucky" Facebook investors: Goldman will get rich. They'll die tryin'.
The Federal Reserve policy of keeping its target rate near zero is intended to allow banks to recapitalize, but it has the effect of taking money from the elderly and others living off their savings, and transferring that money to the banks.