Barely four years after Wall Street plunged the world into financial chaos, Jamie Dimon, the bank’s chief executive, warned on Thursday, May 10th 2012, that losses could very well exceed even the worst scenario of the models that the bank had used to calculate the risk. Now that is an understatement.
The Republicans, who were elected in large numbers in 2010 ostensibly to address economic policies and get our economy revved up, instead have focused almost solely on social policies while obstructing every single bill put forth by Democrats to deal with the fragile economic recovery.
Weary from a decade of war and strained financially, Americans themselves are rethinking whether the U.S. can still afford a global purpose.
