Financial Sector Now Greater Share of Economy Than Prior to Economic Crisis (for 12/19/11)

Compared to 2006, the financial sector now has an 8.4% share of U.S. GDP and is a bigger part of the economy as a whole. Big Banks's bad risky investments led to the 2008 TARP taxpayer bailout, high unemployment, and plunging real estate values. Their lobbying on Capitol Hill has also stirred public outrage. http://www.huffingtonpost.com/2011/12/15/financial-sector-economy_n_1151058.html?ref=financial-reform

Bailout Unconstitutional

Ex-AIG CEO Maurice "Hank" Greenberg has sued the U.S. in Court on Monday. He claims that the $182 billion bailout in 2008 of AIG was unconstitutional, violating the Fifth Amendment, because it did not justly compensate shareholders for property the government took from them. Even though this property was grossly over-valued, maybe even worthless.

http://www.huffingtonpost.com/2011/11/21/maurice-hank-greenberg-former-aig-ceo_n_1106092.html