Currently viewing the tag: "Banksters"

Full Concurrence

by Lev on 11 May 2011
I share John Cole’s joy at a fraudulent bankster being sent up the river. That this qualifies as big news just strikes me as sort of sad. Thousands more to go indeed.
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Wall Street Whiners

by Lev on 6 January 2011
Drum: “No matter how many times I read pieces like this, I just can’t get over how thin-skinned these guys are. Random bloggers get more criticism in a day than Wall Street has gotten in two years from the Obama administration, and of course even that mild criticism came along with enormous truckloads of concrete support for the banking industry. [...] Wall Street would be a smoking crater if it weren’t for the fundamentally pro-banking orientation of the Obama administration. But that’s not enough. I guess money isn’t everything after all, even if you have lots of it.” Echoes of FDR here, of course: the rich hated him, even though he saved so many of their fortunes. But the obvious explanation for why Wall Street is so angry is because they know they fucked up on a massively enormous scale, they feel guilty about it, and in my experience when people know they’re guilty and are confronted by their guilt, they lash out and go into denial. Then again, they could be pissed off about the Volcker Rule. It could just be money after all.
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