Saturday, October 29, 2011

Blowing Up the Economy

Here's Rachel Maddow giving an excellent overview of how Wall Street blew up the economy. This is the corrupt casino mentality that now dominates our lives. It is what happens when wealth is dramatically concentrated in the hands of so few that they literally don't know how to put it all to productive use. 

It doesn't help that many of those same people are America's most rapacious and reckless, the ones that want you to think they are creating wealth and should only be envied. Perhaps you have heard that investment bankers show personality characteristics very similar to psychopaths. And no, it is not the occasional rogue trader.

And who protects these guys? Who refused to investigate years of fraud? Who denounces Occupy Wall Street as unAmerican practitioners of class warfare, but has shown remarkable indifference to Wall Street's trillion dollar scams?

Who were Elliot Spitzer's mortal enemies, the ones who gleefully rejoiced when he was brought down?

Those are not rhetorical questions. You know the answer.

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