Applaud Wall Street

Posted Friday, Mar. 15, 2013  comments  Print Reprints

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A March 8 "Money and Markets" item said that, at the end of 2012, Americans' household wealth had rebounded to 98 percent of what it was before $16 trillion was lost in the Great Recession. (See: "U.S. regains lost wealth as stock, home prices rise"):

Am I supposed to congratulate Wall Street for a job well done?

One has to wonder what Americans' household wealth would be today if Wall Street had not gambled away Americans' $16 trillion in household wealth in the first place.

It would be interesting if someone would estimate how much that could be.

-- W.B. Slaughter,

Fort Worth

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