percysunshine
Diamond Member
I don't have much use for the protesters but ...
There is some truth in what they say.
In February 2009, right in the heart of the crisis, I was at a conference in New York with a couple hundred other investment - i.e. Wall Street - types. It looked like the end of the world to the delegates. TARP had been passed a few months earlier, and a moderator at one of the session wanted to gauge investor's opinions. He asked how many people thought the TARP money should have been used to pay American citizens directly? No one put their hand up. He then asked how many people thought the money should be used to bail out the banks? Almost everyone put their hand up (me included). Finally, he asked who thought the government shouldn't have done anything? Again, not a single person raised their hand.
Wall Street has captured government. Hundreds of billions of taxpayer dollars have been used to backstop the financial system, and Wall Street pays itself an enormous amount of money. People should be pissed off.
And they all went to work in the Obama administration.
You left that part out.