It's easy and convenient to blame "Wall Street" for all of the nation's ills, but is that even reasonable? Do you know where the mandates to provide unsafe home loans came from? Do you know why the banks gave loans to people, in some case, who didn't even have a job? Now, I know and readily admit that some investment bankers and particularly hedge fund creeps "bet" on these loans going into default. I also think this is unethical, but it's not as if it wasn't completely obvious--to everyone except the commies in Congress who forced this--that these loans would all be defaulted, that there would be mass foreclosures when people who either didn't have jobs or were getting loans that the jobs they did have would never be able cover. The housing crisis was a government-conceived, government-mandated crisis, made to make you stand around years later crying because people, for some unknown reason (and yes, they are culpable, too), are being foreclosed on for not being able to repay loans they should never have received in the first place.
Again, that's not to excuse the excesses of Wall Street, but you know what is the most insidious, most dangerous aspect of Wall Street? Its relationship with government. You seem incensed that no one on Wall Street has been indicted for wrong-doing. Okay, let's look at that. What did BO say? That they didn't do anything illegal, right? That they can't indict for non-criminal, totally legal activity. And that's true. But who makes banking laws? Who writes them? Who pays for them? That's right, my unthinking friends, Wall Street. There are these things called lobbies, and they spend all the billions that you think, and I think, they should be paying in taxes, to ensure that there are "free zones" for unethical activity and numerous tax shelters that enable gigantic corporations like GE to avoid paying so much as one penny in taxes. Legally.
Wall Street doesn't need reform, the government does. With the government reformed properly, there will be no Wall Street excesses. This is something we refer to as "critical thinking" and an understanding of a thing called "cause and effect"; you'll note that "unintended consequences" tend to manifest most often and to most onerous effect from leftist policies. Things don't happen in a vacuum, and when you do one thing (pass a regulation, for instance, or ban shallow water drilling), it has a ripple effect (the costs of the regulation are passed on to the consumer (BoA), or deep-water drilling--much less easy to manage, maintain, and clean up than that done in shallow water--results in serious environmental damage). In short, something that "sounds good" needs to be considered beyond the moment.
RTWT, y'all. Guaranteed good stuff.
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