Robert Reich: Wall Street Is Hard at Work Cooking Up the Next Financial Collapse

[xchrom]

http://www.alternet.org/robert-reich-wall-street-hard-work-cooking-next-financial-collapse



Presidential aspirants in both parties are talking about saving the middle class. But the middle class can’t be saved unless Wall Street is tamed.

The Street’s excesses pose a continuing danger to average Americans. And its ongoing use of confidential corporate information is defrauding millions of middle-class investors.

Yet most presidential aspirants don’t want to talk about taming the Street because Wall Street is one of their largest sources of campaign money.

Do we really need reminding about what happened six years ago? The financial collapse crippled the middle class and poor — consuming the savings of millions of average Americans, and causing 23 million to lose their jobs, 9.3 million to lose their health insurance, and some 1 million to lose their homes.

[newfie11]

1. No doubt! Nt

[dixiegrrrrl]

2. Wonder if Hilary will mention the street and the banks.

Since Warren is keeping the topic front and center, it will be a glaring omission if candidates do not have that in their platform.

[riderinthestorm]

3. K&R and K&R and K&R..

[abelenkpe]

4. K&R

[MisterP]

5. being smart investors they've arranged it so that they profit whether things go up

or things go down