(Community Matters) he’s back –
The taxpayers bailed out the elite; now it’s the elite’s turn to return the favor. Massive cuts to the safety net combined with scant sacrifice from those at the top is wrong ethically and politically.
What haunts the Obama administration is what still haunts the country: the stunning lack of accountability for the greed and misdeeds that brought America to its gravest financial crisis since the Great Depression. There has been no legal, moral, or financial reckoning for the most powerful wrongdoers. Nor have there been meaningful reforms that might prevent a repeat catastrophe. Time may heal most wounds, but not these. Chronic unemployment remains a constant, painful reminder of the havoc inflicted on the bust’s innocent victims.
Community Matters 
Frank Rich is on fire! I’m pessimistic about reform in this area. Just a couple years ago we were all told to feel sorry for the Wall Streeters – they worked so hard and through no fault of their own their futures were now shattered. There would be no pot of gold for working 80-hour weeks. You reported a speaker from the industry saying “The investment banking world is essentially gone.” https://communitymatters.biz/2008/09/25/economic-update/
But none of that turned out to be true. The high finance industry is back making huge profits. We saved our best and brightest from having to go get jobs in the productive economy. We even extended the Bush tax cuts to keep the income gap as wide as we can get it.
to further note, Dan, it wasn’t my statement that the investment banking world was gone, it was Comerica Bank’s chief economic officer, Dana Johnson. Not sure who was saying to feel sorry for Wall Street bankers – wasn’t the President, certainly wasn’t me