Thursday, November 06, 2008

Masters of the Universe

"The focus now has become the nine US banks which are receiving $125bn of public money. They have spent or reserved $108bn for employee pay and bonuses in the first nine months of 2008, nearly the same as last year" (emphasis added, Aline van Duyn, "'Masters of the Universe' Need to Wake Up to the Real World" Financial Times, 31 October 2008).

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