Fixing Wall Street Won't Fix Our Economy

By Sally Kohn, Movement Vision Lab. Posted September 19, 2008.

What's really at play here is persistent poverty and Wall Street
seeking to make a dime off the poor, while Washington looks the other
way.

Sure, the CEOs and hedge fund managers were greedy. There's no
question that wealth and the pursuit thereof led to the sub-prime
fiasco and the decline of Lehman Brothers, AIG, Merrill Lynch and
more. But what's really at play here is persistent poverty and Wall
Street seeking to make a dime off the poor, consequences be damned,
while Washington looks the other way.

Zaroc Stone wrote:

Our economy isn't broken.

On Fri, 19 Sep 2008 17:14:47 -0600, zephyr null.org> wrote:

So long as the national credit card account is still open, and You are
willing to make the payments to the (hallowed) Private Sector for its
excesses, you have leave to continue in your world of economic
illusion for some time yet.

But eventually -- sooner or later -- the Costs (which are Real) will
have to be paid.

The only remaining question is Which Generation will pay them?

I'd guess yours, being the one that benefitted, will be unlikely to do
that.

Don Homuth wrote:

It is not broken, period.