Almost Classical - Economics and Politics

There were 200,000 financial industry layoffs during fiscal 2007-08 and nearly another 150,000 since this previous summer. Bank of America and Citi announced more than 70,000 layoffs in 2008, alone. In fact, CNN has reported that layoffs in finance outpace the layoffs in manufacturing this year. That's no small accomplishment. Most people in finance are not millionaires. I know. I worked at both a mortgage bank and a title insurance company in the past....

A Worker is a Worker, Almost Classical There were 200,000 financial industry layoffs during fiscal 2007-08 and nearly another 150,000 since this previous summer. Bank of America and Citi announced more than 70,000 layoffs in 2008, alone…