But hey, no problem since Wall Street pay is bouncing back as strong as ever this year. When the likes of Geithner fail to understand why and how people around the world are furious with the banking industry who have yet to fully appreciate their failure, it's because of this. Bankers really need to get out and see the real world impact of their mess, but no, Timmy Geithner still believes a light tap on the wrist is plenty. More on the global recession by the AFP:
The IMF and World Bank have warned on Sunday the global economic crisis is turning into a "human calamity" and called on members to speed up pledged aid and give even more to help the most vulnerable. At the end of spring meetings in Washington Sunday, the two Bretton Woods institutions told their 185 member countries that the worst global slump in generations had already driven more than 50 million people into extreme poverty.
"The global economy has deteriorated dramatically ... Developing countries face especially serious consequences as the financial and economic crisis turns into a human and development calamity," the International Monetary Fund and World Bank joint development committee said in a statement.
