$1.2 billion or…. 2.7%
“$1.2 billion… The amount that Goldman Sachs CEO Lloyd Blankfein told Congress the bank lost from its activities in the residential-housing market in 2007 and 2008. Overall, Goldman earned $15.6 billion during those two years.”
“2.7%… The personal savings rate for Americans in March. The post-crash savings rate peaked at 6.4 percent in May 2009, and hasn’t been below 3 percent since October 2008.” —Good sign that the most consumptive economy in the world is back on track??