In olden days the United States had presidents who blasted the wealthy of this nation and made clear what they thought of Wall Street greedy leaders. Republican Theodore Roosevelt made clear his dislike of those with wealth who thought nothing of exploiting poor people. Franklin Roosevelt welcomed attacks by the wealthy because he regarded them as only interested in one thing-themselves and making money. Harry Truman gave them hell and welcomed their dislike. Professor Jeffrey Sachs, recently cited by Time as among the most 100 important people in the world spoke bluntly at the Federal Reserve concerning his views of Wall Street. He regards this as a street of infamy and prostitution where people sell their souls for money.
“What has been revealed, in my view, is prima farcie criminal behavior. It’s financial fraud on a very large effect. They have no responsibility to pay taxes, they have no responsibility to their clients, they have no responsibility to people…They are tough, greedy and fell absolutely out of control.” The problem is compounded by “a docile president, a docile White House, and a docile regulatory system that absolutely can’t find its voice.”
We also have a Congress bought by Wall Street and fearing any horrible event such as wealthy people paying a few extra thousand dollars in taxes. The sky would fall down if such a calamity occurred.