America's Street of Greed

[Owlet]

"With the U.S. trade deficit reaching the highest levels in three years, the unemployment rate hovering at 9.1 percent, and President Barack Obama announcing the second stimulus plan in two years, Americans are terrified of their country’s fiscal future. It should be no surprise that young protesters have camped out on Wall Street, venting their anger at the financial system. Against this backdrop of widespread discontent, the same financial institutions continue the same risky strategies that led to the crisis in the first place. If this continues, say World Policy Institute senior fellow Jeff Madrick and former Assistant Secretary of the Treasury for Financial Stability Herb Allison, these firms will keep finding ways to fail. For the U.S. to recover and avoid further financial disaster, the government needs to find a way to re-regulate Wall Street."

Full article

[Mr Deltoid]

1. "Main Street not Wall Street"?

Whatever happened with that Obama? Haven't heard it in a while.