Greenwich, CT is doing well…rest of the nation not so good
Remember those bailouts? Uh yeah..
When the financial industry tumbled, Greenwich’s fortunes fell with it. Now, as the federal bailout has helped lift investment banks to surprisingly robust profits, the news that major financial firms will dole out billions of dollars in salaries and bonuses this year came as welcome relief here, even though the rest of the country is still grappling with 10 percent unemployment.
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