Chris Butler_

Fed, Treasury Propose the Dissolution of Capitalism

notsosmart-

"Wall St. greed & fraud caused all this"? Really? How so? Bernie Madoff is one fraud I'm aware of. Are you holding out on us? What other frauds can you cite? And what's the total amount of loss/damage caused by each? I assume you're talking about investment banker fraud.

Greed? Nice one. That's such an amiguous term these days that all non-thinking people are swallowing it whole. Exactly what greed caused this? Profit-seeking? And exactly how has this decade's profit seeking been qualitatively different from the profit-seeking of generations before? Do you really want me to believe that people are greedier today than they were ten years ago? I don't even think profit-seeking *is* greed. Aren't profits good? If you've got a problem going after profit, you don't have a problem with wall street - you've got a problem with capitalism so just spit it out.

Come on man. Why is it so hard to believe that bankers made bad bets while going after profit? Isn't this the simplest answer? Oh, and dare I forget the bubbling up of our economy on credit? I wonder what greedy bastards caused that? Oh. Right. That was the consumer, which of course is us. And who was the enabler? Right. The Fed. Your government.

Get off the "wall street done us wrong bandwagon" unless you've got more ammo than "greed." Who gave you your talking points, anyway? Your Sunday school teacher?

Great article, Moon! Spot on, my friend.