The Hill News

The Wall Street Journal’s projection this week that investment banks will pay out a record $144 billion in bonuses this season shows that Wall Street has recovered from the recession. The homeowners whose mortgages were securitized and used to fuel the Wall Street bubble, however, are not doing nearly as well. Foreclosures remain epidemic in harder-hit states like Florida, Nevada, and my home state of Rhode Island, and our economies are slow to recover as a result.

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