What I Saw When I Crashed a Wall Street Secret Society Party

The reporter has apparently released more images from his phone:

Spoiler

 

Ya, it's pretty sick. Our current system of government has enabled this but I don't really see anyone in the streets demanding change. Our social programs have seen to that. We are a controlled society that thinks they are a democracy for some silly reason.

 

I really would like to hear a detailed analysis of why the care factor towards these types of criminals is so incredibly low? I don't mean this in a derogatory way at all, but does it have something to do with how "crimes" are addressed in major religions? Does it have to do with the hamster wheel of wanting to get rich?

I just don't fully understand how society can allow such people to walk around freely. I'm not talking about all of them, I'm strictly talking about the ones who have fooled people out of their livelihood. Does a society need institutionalized power to tell it where to draw the line? There is about as much agreement that what they do is wrong as there is agreement about any number of punishable crimes.

Why is the guy who steals millions revered, but the restaurant that overcharges you a few bucks is the devil?

Depressing.

 

I didn't know horrible business decisions were illegal? Leveraged trading leading into a global slowdown was not illegal, it was stupid, but not illegal.

Did not know the government's role was regulating success or failure. In any recession, the weaker companies (Bear Stearns, Lehman, Fannie) die off and the stronger companies gain market share. Market cycles are part of life and have been for hundreds of years. You can't regulate them away, as the pendulum of fear and greed is part of human nature and causes bubbles, excess then fear crashing through causing panics.

I think these Wall St. types are despicable. Their self absorbed cronyism and elitist mentality. In my opinion the evolution from Investment Banks as partnerships to public companies whereas people were more focused with quarterly bonuses rather than their equity in the firm increased risk tremendously. They're an industry based on playing in the middle like the law firms and it shouldn't be the size it nor have government backing (CD deposits) subsidizing their bets.

Ironically most of Wall St. however is pretty liberal in their thinking and voting. They'd love to trade carbon credits, tax credits or anything that is forced upon citizens by a government paid and lobbied to do so.

The irony of it is that the 1% has been associated with Wall St. so much, yet less than 15% of 1% income earners are on Wall St. A majority are Non-Financial Business Executives and/or business owners, physicians and lawyers.