Everyone expects sharks to be sharks. And everyone is screamed out against the administration who's supposed to regulate the madness, or else thinks MORE deregulation is the answer... In which case everything is fine.
True. From the article. . I have another theory, and that is that the old populists actually won. Nice try to blame the present financial on the old populists. The anti-government regulation crowd cause this to happen. It must be very troubling to those whose beliefs are that deregulation (in this case of investment banks, mortgage companies etc.) is always the best policy.
Yep. For all the talk of individual shareholders, I think they're being patient after getting fleeced in 2000 only to make it back...or at least see other people become filthy rich. Once they realize the music has stopped playing, there's going to be some hungover and poor mobs looking for blood.