The problem with claiming it is only billionaires (or millionaires) getting their due is that it is simply not true. All people who invest in any equity mutual fund is feeling this pain. Very few funds, short of short funds and maybe some metals funds, are up this year or even in the past few years. This is a broad based market issue, although the pain is centralized in the financial arena.
Blaming some people, while cathartic, will not fix the issue nor will it return the billions lost in market value to people of all economic strata who are losing.
As for politics, neither party has a monopoly nor are they blameless as pointed out above re Glass Steagall, GLB, lobbying, et cetera.
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Blaming some people, while cathartic, will not fix the issue nor will it return the billions lost in market value to people of all economic strata who are losing.
As for politics, neither party has a monopoly nor are they blameless as pointed out above re Glass Steagall, GLB, lobbying, et cetera.
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