Hoarders - the Bank Holding Company version...
Americans, dragged down by a sagging economy, high unemployment and a rather astonishing number of people living at risk of poverty , have new reality show to watch: Hoarders - the bank holding company version. Emboldened by bonuses supplied by the US taxpayer and bolstered by the lack of any oversight or consequences for reprehensible behaviors on Wall Street that led to the collapse of the economy, America's biggest " bank holding companies " are expanding their businesses. No longer content to supply loans and CDOs and synthetic CDOs , those clever Ivy-educated bankers are in the commodities storage business. And they're hoarding these commodities like those hoarders you can watch on A&E. What does this mean? Your cans of Pepsi, Budweiser and Heineken have just gotten pricier. And the hoarders on Wall Street have just gotten richer. This Business Insider story quotes a Goldman Sachs "commodities strategist" on how "for investors, the...