Friday, January 22, 2010

How big a Financial Meltdown is needed to provoke Change?

The recent financial meltown, the largest financial disaster since the Great Depression has resulted in the bailout of Wall Street Banks--- and they have responded by taking large bonuses from the money of the bailout and at the first opportunity after recovery-- have stoutly resisted any efforts to put regulation that ensures the "public trust" back into banking...and they have branded anyone who wishes some regulation as "Anti business." HUH?

It kind of makes you wonder how big a financial earthquake might be necessary before Wall Street gets it.

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