I, like many, dwelled on the notion that Wall Street not only retained the culprits of the Financial Collapse but also defended the need to award such bloodsuckers. John and Jane Doe in Middle America were filled with indignation. Capitol Hill and top officials of the Obama administration were just ‘outraged’. The CEO’s of AIG […]
President Obama’s comments about the “fat cats” either show a fallacious position towards the bailed-out banks or a naivety towards how free market institutions work despite federal intervention. The media has made a lot out of President Obama’s tough talk on “60 Minutes” earlier this week, probably because many Americans can relate exactly to what […]
