Reinstate Glass-Steagall The banksters are, of course, whining.
“The impact on Wall Street would be severe,” Wayne Abernathy, an executive vice president at the American Bankers Association, said in a telephone interview.
My heart bleeds.
The impact of Wall Street’s shenanigans has been severe. This recession was not an accident. It was a result of allowing banks to become carnival barkers touting rigged carnival games.
Despite the banksters’ caterwauling, what puts money in their pockets is not inherently good for the country. There is more to the country than their houses in Greenwich and country club memberships.
Give ‘en their bonuses in CDOs and see whether they want to own the crap they’ve been selling.