Greed, fraud, dishonesty, and arrogance.
These words best describe the reality that is Wall Street. Our economy and our political system has been hijacked by many of the wealthiest of our country. At your expense. Financial interests paid out billions in lobbying and campaign contributions to coerce Congress to weaken financial protections, such as the Glass-Steagall Act and consumer protection laws, calling it “freedom”. They did this in full knowledge that their actions could destroy the U.S. and global economy. Millions of people in this country lost everything, their jobs, homes and life savings. While I’m not a religious man, I do know the Bible speaks at length on the subject of greed. James 5:1-6:
Come now, you rich, weep and howl for the miseries that are coming upon you. Your riches have rotted and your garments are moth eaten. Your gold and silver have corroded, and their corrosion with be evidence against you and will eat your flesh like fire. You have laid up treasure in the last days. Behold, the wages of the laborers who mowed your fields, which you kept back by fraud, are crying out against you, and the cries of the harvesters have reached the ears of the Lord of hosts. You have lived on the earth in luxury and in self-indulgence. You have fattened your hearts in a day of slaughter. You have condemned and murdered the righteous person. He does not resist you.
But this bottom 1%’er has caught on. From this vantage point, I hear the wealthy “weep and howl” at length about how they are being singled out, while I see “fattened” wallets from the same during these “days of slaughter”. From this vantage point, I “behold” wages being kept back by fraud, the fraud being the concept that lower taxes (and not consumer spending) are the engine that drives our economy.
Yes, I have caught on. I have caught on to the likelihood of the American Dream of being a homeowner in my lifetime is increasingly slim, thanks in no small part to the extraordinary power a handful of people on Wall Street have over the political and economic life of our country. And I have caught on that the same is likely for my children. I have caught on that “Equal Justice under the Law” is just a catch phrase. Money talks. Our economy is rigged in favor of the Walton’s of our country, our campaign finance system has been corrupted by the Koch’s of our country and our criminal justice system simply does not dispense justice to the affluent very often. I see people doing years of hard time in prison for the presence of a marijuana seed in their car, but not one Wall Street executive prosecuted for their reckless behavior and unadulterated greed.
Thieves who got paid when tanking the economy and got paid again when getting bailed out. That’s quite the fucking racket.