Banks likely will suffer another 150,000 layoffs in 2012 on top of the 230,000 estimated for this year, Dick Bove says, scolding those who might celebrate banking's woes: "People who are fired cannot buy products. They cannot pay taxes. They receive government benefits like unemployment checks instead... New York’s governor cannot tax incomes that do not exist."
Banks likely will suffer another 150,000 layoffs in 2012 on top of the 230,000 estimated for...
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