The average American lost $70,000 in lifetime income as a result of the 2008 financial crisis. Those losses, revealed in a new report from the Federal Reserve Bank of San Francisco, are an incredible price to pay for the negligence and corrupt behavior of big banks.
Even though banks have paid billion-dollar fines related to the financial crisis – totaling more than $174 billion – everyday Americans aren't recuperating their losses. But guess who is: Banks' shareholders.
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