Think about the costs of the financial crisis. According to the International Labor Organization, 34 million people around the world have lost their jobs. According to the World Bank, 60 million people were pushed further into extreme poverty, living on less than $2 a day. And what caused it? Greed. Excessive risk-taking by a financial sector, secure that it could keep the upside and have the taxpayer pay all the downside. It was a lucrative one-way bet and it paid off. (more…) Read more