The big banks live in a parallel universe.
In their universe, the financial meltdown was beyond their power to stop. The recession that left more than 1/10th of the American workforce unemployed is a shame they had little to do with. The massive government bailout of the financial system was an opportunity to make a tidy profit so that you could give your executive hefty bonuses. And the budget deficit that was catapulted to its current highs because of the recession proves that the government has gotten too big. Continue reading