Tuesday, November 8, 2011

two takes on president obama and wall street

Politico weighs in on the President as the ultimate hypocrite who demonizes Wall Street bankers by day while making them the lynchpin of campaign fundraising (and policy decisions) by night.

Meanwhile, at The Atlantic, columnist Daniel Indiviglio makes the fascinating argument that Wall Street bankers will still make the same amount of money, bonuses or no bonuses, and that they will engage in far riskier behavior without the bonuses.  So, of course, there is therefore nothing to be done to change the situation, because--after all--they are the real government.

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