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Rana Foroohar writes: "We continue to let bankers off the hook by trimming the already inadequate budgets of the agencies that regulate them and shying away from restructuring the largest financial institutions in ways that would better protect consumers. Bankers will undoubtedly continue to push the story line that they are funding innovation. The question is whether it's the kind that's real or the kind that's synthetic."

File photo, Wall Street Bull, 06/15/09. (photo: File, unspecified)
File photo, Wall Street Bull, 06/15/09. (photo: File, unspecified)

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A note of caution regarding our comment sections:

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+7 # rf 2011-03-30 06:31
Yeah...tell it to the politicians that are bought and sold by the big, old, blue chip corporations. This country is ready for a revolution and Citizens United has taken any possibility of peaceful change away.
 
 
+8 # rf 2011-03-30 06:43
Wall st. is a parasite that, unlike its natural counterparts, will kill its host. It does nothing that could not be accomplished in alternative ways that would cost businesses far less. It is out of control and needs to be trained. The problem is it takes Washington to do that and we know that Wash. works for these F%*kers.
 
 
+7 # rm 2011-03-30 07:43
rf -- good analogy, parasite. But I would take it a step higher. Wall Street investors are predators. Matt Taibbi calls them "vampire squids" that are sucking the life out of the US. Everyone knows this, but the wall street investors own the mass media and the government, so there is no stopping them until the US is an empty shell and the middle class is working for minimum wage. Then there will be nothing left to steal, so wall street will move on. This is pure capitalism. This is how it works. The US has banned any sort of critique of this system that used to come from Marx and socialists, so we have no force opposing capitalism. It is free to pursue its interests to the very end.
 
 
+3 # in deo veritas 2011-03-30 08:24
We may end up with a Wellington instead of a Washington when the day of reckoning arrives. We will only have ourselves to blame for not drowning the rats in their own pool of greed.
 
 
+3 # in deo veritas 2011-03-30 08:37
Trump is as much a joke as his TV show. The last thing we need is a CEO president. Calvin Coollidge's worst utterance was "the business of America is business" and that's what brought on our crash and depression. Helped by Andrew Mellon the arch bankster & Sec. of treasury who shited 2/3 of the tax burden from the rich to everyone else! In defense of Hoover who had no clue how to deal with our distress, it was created by Harding and Coolidge. We have revisited this debacle. The parallels are too clear to ignore. FDR replied to Hopkins who told him if he failed he would be the worst president "if I fail I will be the last not the worst." This could very well be our wakeup call if we are not too stupid to listen and take action to save ourselves.
 
 
+3 # in deo veritas 2011-03-30 08:43
This birther stuff is ridiculous. If you look at the worst excuses for president we have had they were all born in the U.S. (despite the Texas that sent us the village idiot still acting like they are a seperate country). Maybe a answer would be to let any states that didn't learn their lesson last time around to secede and then close the borders and deny foreign aid to them. Of course some have stolen so much already it wouldn't matter to them. Seems to me that the birther issue isn't just confined to Obama-as their ultimate goal would be to deport everyone they don't like just because they were born elsewhere. They would likely deport Einstein.
 
 
+2 # in deo veritas 2011-03-30 08:45
Comparing this cluck to Barnum is unfair to Barnum. He at least gave the patrons what they paid for and it wasn't run by the government.
 
 
+5 # maddave 2011-03-30 07:16
Most of us older dudes recall admiring the Kennedys' playing touch football on the White House lawn; when John Wayne, not Bill Gates, was the nation's role model and when the Marlboro Man was the hottest marketing campaign of the decade. Muscle cars, Audie Murphy (the soldier) and Marilyn Monroe were in. Nerds of all stripes were just that: nerds!

Now, it's greed. "What one is" - i.e., values, etc - is subordinate to "how much money one makes". "Anything worth having is worth cheating for" is an openly accepted mentality, and amongst those (on Wall St, etc) who are looting us and our Treasury, "The Game" itself is one-upsmanship. Money is how the players keep score & rate their own self worth.

Given a net worth of, more than, say, $50 million, and a gross income of $2 mil per year, $100,000 more-or-less is insignificant, but - in "The Game" - every nickel counts toward the title of "who's making the biggest bucks now?". And in this day of blood-sport-vid eo-games, rampant narcissism and epidemic obesity, our Donald Trump's are respected and emulated. They have a super-abundance of wealth, and if they need "macho" they can hire (and later fire) the loyalty of all of the ex-SEALS & Rangers that their ego requires. What more could one want?

He who dies with the most toys is still dead!
 
 
+5 # in deo veritas 2011-03-30 08:22
If no action is taken to reinstate Glass-Steagall, which kept regular banks and investment banks seperate, this economy is doomed. Otherwise the same bastards that we the taxpayers were forced to bail out will continue their reckless speculation and finish off the destruction they created. Obama has opposed Glass-Steagall from the start and so is allowing the sucking sound to grow louder until it is deafening. The sound and fury of the economic Tsunami will be unimaginably worse than what has happened in Japan.
 
 
+4 # jon 2011-03-30 08:56
There should be a national movement to move our money to local credit unions - out of commercial banks.
 

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