Source: Huff Post

via Huff Post

Last week, over a pre-Christmas dinner, the two of us, along with political strategist Alexis McGill, filmmaker/author Eugene Jarecki, and Nick Penniman of the HuffPost Investigative Fund, began talking about the huge, growing chasm between the fortunes of Wall Street banks and Main Street banks, and started discussing what concrete steps individuals could take to help create a better financial system. Before long, the conversation turned practical, and with some help from friends in the world of bank analysis, a video and website were produced devoted to a simple idea: Move Your Money.


Buyout bosses gather in Dubai as crisis continues

This country is still for $ale people. This is just a meeting where as greedy executives who have sold America are going to calm fears with investors in the Middle East who have lost big time and are thinking about pulling their money out and going elsewhere. So please dont mistake this as a meeting to save the American public who are feeling the brunt of this economic meltdown.

via Reuters

“Imagine a private meeting in a room far from the US; a decision is quietly made and billions of dollars that were invested here find a new and more hospitable home,” wrote Schwarzman in a recent column in the Financial Times. “Or billions of dollars that could have been invested here are reallocated to other more benign markets.”

High profile investments have included U.S. bank Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz), which in January raised $12.5 billion from a private sale of convertible preferred securities to investors, including Kuwait and Saudi Prince Alwaleed bin Talal. Citigroup’s shares have lost about half their value this year.

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