Is justice coming?
Perhaps we will come out of this self-inflicted recession soon.
What then?
Do we go back to the same market economy that mutated in the 1980s into a system based on the pressures of ever greater- quarterly profits, constantly rising stock prices, salary and bonus systems for CEOs and upper management based on short term thinking and profiteering?
If banks, auto manufacturers and others realize they can get all the money they need from the U.S. taxpayer if they screw up. Why not start the same flawed practices that made them record profits before the downturn?
Any 18-25 year old whose parents bail them out learns that lesson.
So shouldn't we be planning now to mandate government regulations to control the practices and procedures of corporations gone wild?
According to Rep. Barney Frank (D-Mass.) and Chairman of the Financial Services Committee, the President is planning to do just that.
The NYSE and other exchanges, the pro-business, anti-labor commentators on CNBC and CEOs will be all over the media threatening to hold their breath, scream and roll around on the floor when these controls are announced.
Larry Kudlow will have documented proof that the sky will fall.
If corporate America is so opposed to government regulation that actually works perhaps they should calm down first and eat a peanut butter and jelly sandwich, to calm their nerves.
Or perhaps they could have a "retention award." That would calm them down.
The problem for corporate American right now is that once again they screwed up so bad that everyone can see them running around naked with nothing but their crown on.
The difference this time is the "barbarians" as they would call working people, are paying attention and they voted in record numbers.
And uh oh, really bad news, this time Spartacus has made it to the throne.
Oops. Time for those CEOs, Hedge Fund managers and investment gurus, (we out here called them felons) to run to their offshore banks, make a withdrawal and head for their villas in countries that have no extradition treaties with the U.S.
Hey Bernie, can you spare a dime?

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