Paul Krugman's editorial in today's NYT is well worth reading:
"The bottom line is that Goldman’s blowout quarter is good news for Goldman and the people who work there. It’s good news for financial superstars in general, whose paychecks are rapidly climbing back to precrisis levels. But it’s bad news for everyone else."
http://www.nytimes.com/2009/07/17/opinion/17krugman.html?_r=1
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