Tuesday, October 2, 2012
Wealth? What Wealth?
"...many of those in the financial sector got rich by economic manipulation, by deceptive and anti-competitive practices, by predatory lending. They took advantage of the poor and uninformed, as they made enormous amounts of money by preying upon these groups with predatory lending. They sold them costly mortgages and were hiding details of the fees in fine print."
Joseph Stiglitz, Nobel-prize winning economics professor at Columbia University. (Source: Der Spiegel)