Some heady cognitive dissonance here – this traitor “trader” and his advice are good news only for that increasingly-mythical American middle class: [via Lance Robotson] Excerpts: I’m a trader, I don’t really care… We don’t really care that much, how to fix the economy, how to fix the situation – our job is to make [...]

John Thain, who resigned from Bank of America on Thursday, bought 84,600 common shares of the bank on Wednesday, according to a regulatory filing. The man named to replace him, Brian Moynihan, bought a total of 30,000 common shares over a span of two days. Thain bought his stock at $5.713 a share and Moynihan [...]