Tuesday, July 14, 2009

Spitzer Says Banks Made ‘Bloody Fortune’ on U.S. Aid

By Laura Marcinek, Michael McKee and Deirdre Bolton

July 14 (Bloomberg) -- Eliot Spitzer, the former New York governor and attorney general, said U.S. banks made a “bloody fortune” while receiving taxpayer money without a proven benefit to the wider economy.

Politicians understand the “populist rage” with excesses in the financial industry and in this case the “public is right,” Spitzer said in a Bloomberg Television interview today. “We have saved financial services, we have not created a single job. We are still bleeding jobs.”

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