Bipartisan Triumph of Crony Capitalism

[mikesilvia]

Joel Kotkin, New Geography
Everyone hates Wall Street.Occupy Wall Street demonstrators stand and cheer in front of the George Washington statue on Wall Street as they celebrate the protest's sixth month on March 17, 2012. (John Minchillo / AP Photo)About two in three Americans do not think what's good for Wall Street is good for America, according to the 2012 Harris poll, but do think people who work there are less "honest and moral than other people," and don't "deserve to make the kind of money they earn." Confidence in banks is at a record low, according to Gallup, as they've...

More... (http://www.realclearpolitics.com/2012/08/10/bipartisan_triumph_of_crony_capitalism_287091.html )

[shrewsbury]

I have to tell you, if you look into all this, and see what the cause of such a downfall in peoples investments, and even the mortgage debacle, you will find that a lot of it falls on the people complaining about it.

look deep into the history of 401 k type plans and mortgages, there was no conspiracy for the rich to get richer, but rather uneducated people making choices that they had control over. and uneducated does not mean they were dumb or did not have a degree but uneducated in investing their money and buying a home.