Comments: Wall Street.

And their bible is already out per my highly educated and highly excitable L/W friend; Michael Lewis (author of _The Big Short_) has just pushed out _Flash Boys_ who in the words of my old friend's ever colorful and histrionic verbiage shows "how the whole Wall Street is completely corrupt."

Hmm, I've already countered with 'well, Wall Street is not a single, homogeneous entity' and will soon need a decent definition and example of 'corruption.' My first take would be either Head Start (zero results for several $B spent) or the Oregon health exchange. Any other nominees?

Odd thing about this guy: he's been a budding socialist-liberal voted for ages (of the "we need just the right, smart people in there") and is well on his way to being a very successful entrepreneur!

Posted by nanobrewer at February 17, 2016 9:47 PM

To save TS'ers, here's a good article ripping the veil off Lewis' fanciful meanderings.

Posted by nanobrewer at February 17, 2016 9:54 PM

I can't let this go; even Newsweek captures what I'd gleaned:

[the book & film] leaves out any discussion of the main culprit behind the financial crisis, which was not Wall Street “greed” but bad monetary and credit policies from the Federal Reserve and the federal government.

The article calls out the excellent
White Paper from FEE.

Posted by nanobrewer at February 17, 2016 10:08 PM
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