The International Monetary Fund has backed economists who argue that inequality is a drag on growth in a discussion paper that has also dismissed rightwing theories that efforts to redistribute incomes are self-defeating.
Nobel Prize winning economist Joseph Stiglitz showed up at "Occupy Wall Street" this week to show his support for the protest and clearly outline what he sees as the worst crimes of the American financial sector.
The Federal Deposit Insurance Corporation has launched criminal investigations into approximately 50 banking executives involved in the financial crisis, AP reports.
