Wall Street's pity party snit fit

[Joanne98]

Anonymous bankers complain to Politico that Democrats did not do enough to soften bank reform.

By Andrew Leonard

Imagine two alternate realities. In one universe, the bank reform bill likely to be signed into law in the United States is generally regarded by critics as not quite up to the task of delivering on its primary goal: preventing a repeat of the financial crisis that broke the global economy in 2008. In this universe, there are differences among those who believe that the bill, while manifestly imperfect, still represents an improvement on the status quo, and those who dismiss it as irredeemably irrelevant, but there is nonetheless a widespread consensus that resistance from Republicans and moderate Democrats, in combination with a cautious White House, resulted in legislation that is much milder than what would seem to have been called for under the circumstances (a devastating economic collapse precipitated by recklessly irresponsible financial institutions.)

Now let's visit another universe, one constructed from anonymous comments relayed to Politico reporters from enraged Wall Streeters. In "Wall St. Plans Payback For Reg Reform," we learn that there is a "great deal of frustration" being felt by bankers towards Democratic politicians who have the gall to come to Wall Street asking for money, after having dared to vote for bank reform.


While the final Wall Street reform bill turned out to be less onerous than banks feared, there are still hard feelings, especially over the rhetoric used to slam banks such as Goldman Sachs, Morgan Stanley and JPMorganChase...

... Still, feelings in the financial industry are very raw, especially toward moderate and New York-area Democrats who, the industry feels, did not do enough to ease the potential impact of the financial overhaul.


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http://www.salon.com/news/bank_reform/index.html?story=/tech/htww/2010/07/06/wall_street_pity_party

[Moostache]

1. They can all go to hell...

Banksters getting butt-hurt because the congressional delegations from New York did not felliate them enough? Cry me a goddamn river!

These people should be on their knees thanking us profusely for not imprisoning them all already...they should be thanking their fate that I am not their judge, jury and executioner...because if that were the case we would need water to cool the guillotine in between uses!

[AmyDeLune]

2. Free Market...

http://www.youtube.com/watch?v=Yv5NHzOgbdM&feature=PlayList&p=9F16FE19A736CED8&playnext_from=PL&playnext=1&index=6

Your heart's just missed another beat
The ground's still moving neath your feet
Your mouth is dry, your eyes are sore
There is nothing certain anymore

You thought that History was dead,
Well it's just whacked you on the head
It took your money, and you're right
It's coming back to take your pride

Golden days are just a memory
But that's all right cos the market is still free,
The market's free.

Survival of the fittest is a swizz
Law of the jungle is what it is
I hope you still think it's OK
Now it's you who are the prey

Golden days are just a memory
But that's all right cos the market is still free,
The market's free.

Free marketeers were on a roll
Rolling in silver and in gold
But then the market grew too cold
So they held out the begging bowl

Golden days are just a memory
But that's all right cos the market is still free,
The market's free.

You thought that History was dead
You thought that History was dead

-The Proclaimers