Reply #3: Yes and no. [View All]

[MercutioATC]

What the author forgets is that "the financial sector" is nothing more than a collection of businesses. Businesses have one goal...to maximize shareholder value, within the restraints of the law.

"The financial sector" is doing exactly what it's supposed to do. The fault lies with the government for 1) providing "stimulus" money with no actual requirement that it be used to "stimulate" anything and 2) failing to provide adequate regulation...and the faults of "the government" are ultimately the faults of the electorate.


We're fat and lazy and we've been systematically abdicating our responsibilities for decades. Even now, we blame "greedy corporations" or "paid-for politicians" when the purpose of a corporation is to be greedy and we elect those paid-for politicians.