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We Need Their Strength
It may be hard to digest, but if you read the tea leaves, the financial titans and intellectual powerhouses that served in both the Bush Administration and now serve in the Obama Administration may have approached the resolution of our economic issues differently but they seem have reached the same conclusion. We need Wall Street to be strong; New York needs to remain the financial capital of the world.
 
Now that the US automobile industry is in tatters, and we no longer manufacture much of anything in the US anymore, we need to lead the world in some areas for the US to remain a dominant power. If that means Wall Street bankers, traders, bond salespeople, analysts, and even risky financial inventors are overpaid, or derive their paychecks from the US taxpayer, even while working people are driven from their homes and business, then that's what needs to happen.
I do not condone the policies, but I am starting to understand why they are in place.
Notwithstanding the inherrent plausibility behind the conspiracy theories of Goldman Sachs alumnae being so prevalent and influential in crafting government policy and directing stimulus funding to 85 Broad Street; the power of Chase's Jamie Dimon; and ... more

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