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[OKNancy]

1. b.s.

GOP does not equal Democrats. Only nuts think that.

Plus, I couldn't find that quote anywhere using google except from this fellow.
I decided to look up Munger.
He is vice-chairman of Berkshire Hathaway. ( not chairman of BROOKSHIRE Hathaway). He is the right hand man of Warren Buffet.
Also a a director of Costco Wholesale Corporation.

He said:
he said, "Good businesses are ethical businesses. A business model that relies on trickery is doomed to fail."
Also: ... "the system is responsible in proportion to the degree that the people who make the decisions bear the consequences. So to Charlie Frankel, you don’t create a loan system where all the people who make the loans promptly dump them on somebody else through lies and twaddle, and they don’t bear the responsibility when the loans are good or bad. To Frankel, that is amoral, that is an irresponsible system."

I'm not going to list all the philanthropy he does, but it is substantial.

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Not that I don't think Wall Street has their share of sociopaths, but given the errors in what you posted, I dismiss the whole thing. Oh and the fact that it is on rt.com ( propaganda)

[uhnope]

2. In other words, yet another BS RT vid flooding DU

[Jack Rabbit]

3. Dissenting: I wish it were BS

To make your point, you cite one of those among the powerful who still has the common sense to know that in the long run the market cannot go unregulated as it has for thirty years. It should come as no surprise that that is the only quote you can find, since most of those driving us driving us off a cliff, like the Koch brothers or Legs Dimon or Pretty Boy Lloyd don't make public statements about it. Sunlight is the best disinfectant, and those assholes certainly aren't going to protect their plans from the sun. It's the same reason the TPP was negotiated in secret and remains secret.

Frankel is right: what we have is an "amoral", "irresponsible system." But it is the system we have and the Wall Street tycoons have paid good money to bribe politicians and influence elections to further their nefarious goals. The thesis presented by Messrs. Papantonio and Leopold is that Democrats, too, are sucking up Wall Street as much as Republicans. Perhaps not all Democrats, since Senator Warren clearly doesn't. Unfortunately, she and Senator Sanders, who shows his disdain for how the Democrats have bought into the prevailing corruption by running as an independent, are among the exceptions. The rule is represented by Senator Booker, who raises money from Wall Street and votes as they tell him to vote in return, as well has unholy trio of Clinton, Manchin and Schumer named in Pap's introduction.

Let's drop this party chauvinism. Let's take our blinders off. There is a real crisis in the economy and the Democrats in Congress and the administration have done far more to feed it than to relieve it. President Obama, too, must bear responsibility for feeding the crisis since he allowed Eric Holder and Lanny Breuer to let the Wall Street criminals off the hook with light fines when he should have thrown both of them out of the Justice Department, loudly and publicly, about half way through his first term.

Democrats are better than Republicans. The Affordable Care Act is a good beginning to health care reform. Democarats are better because they support a more inclusive society that allows more people to participate in the American dream. However, that makes precious little difference when the American dream can no longer be realized. The absence of gay marriage or even more affordable health insurance is not going to tear America apart before income inequality does. The only way to maintain this level of inequality is with a police state. Do you really think NSA spying is about al Qaida? Don't be so naive. You and I are the presumed enemies of the government over whom the government is keeping watch. There is no war on terror. There is a war for the planet's natural resources and the powerful expect your children and grandchildren and mine to fight and die to make them richer, while we and our posterity will not benefit a twit.

It does no good to dismiss RT with such a broad brush. I watch much of RT's content as it presented here or on YouTube and I still think that if the Russian people were smart then they would make a lamppost ornament out of Vladimir Putin.

The question before us is what are we going to do about income inequality. It certainly isn't to stay on the same course administrations of either party and the congresses controlled by either party have been steering for the last three and a half decades. The follow up question is can we still fix the problem at the ballot box. Personally, I would still like to think we can; however, given the ability of the powerful to corrupt and manipulate the system, I advise all of us to prepare our torches and pitchforks.