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America's super rich are getting poorer. For only the fifth time since 1982, the collective net worth of The Forbes 400, our annual tally of the nation's richest people, has declined, falling US$300 billion in the past 12 months, from $1.57 trillion to $1.27 trillion.
Faltering capital markets and real estate prices, along with divorce and fraud, pushed the fortunes of 314 members down and drove 32 plutocrats off the rankings.
Originally posted by Big Oil
*looks around for people crying there eyes out*
I'm not shedding a tear for any of these crooks period they essentially got themselves in this mess. There using the people to bail them out or least line there pockets with more useless greenback.
If anything these crooks should be hung out to dry or thrown in jail for there crimes. But in this day age that's not gonna happened because the general population is so docile and brainwashed by the goons propaganda they won't put any sort of resistance into action.
However there still is that little portion of the population who knows the score.
ca.finance.yahoo.com
(visit the link for the full news article)
[edit on 9/30/2009 by Big Oil]
Originally posted by ladyinwaiting
We have the honest billionaires; Bill Gates; the Google boys.
But then reading about the "bonus" people, and the absurd salaries CEO's pay themselves, and the pharmaceitical corporations...grrrrr......(the profits alone are dispicable);the wallstreet tycoons.....it's appalling.
It is certainly difficult to entertain any sympathy for them. It's great when somebody strikes it rich the old-fashioned way. But now, just dipping, and stealing in some kind of psycho-greed-frenzy. It's criminal. I wish they would put them in jail. I truely do. To skim so much from the middle class until you make yourself obscenely rich....it's amoral/immoral/and criminal.