Why Wall Street is Whining

[BDBoop]

And what about the current situation? Wall Street pay has rebounded even as ordinary workers continue to suffer from high unemployment and falling real wages. Yet it’s harder than ever to see what, if anything, financiers are doing to earn that money.

Why, then, does Wall Street expect anyone to take its whining seriously? That money manager claiming that finance is the only thing America does well also complained that New York’s two Democratic senators aren’t on his side, declaring that “They need to understand who their constituency is.” Actually, they surely know very well who their constituency is — and even in New York, 16 out of 17 workers are employed by nonfinancial industries.

But he wasn’t really talking about voters, of course. He was talking about the one thing Wall Street still has plenty of thanks to those bailouts, despite its total loss of credibility: money.

Money talks in American politics, and what the financial industry’s money has been saying lately is that it will punish any politician who dares to criticize that industry’s behavior, no matter how gently — as evidenced by the way Wall Street money has now abandoned President Obama in favor of Mitt Romney. And this explains the industry’s shock over recent events.

You see, until a few weeks ago it seemed as if Wall Street had effectively bribed and bullied our political system into forgetting about that whole drawing lavish paychecks while destroying the world economy thing. Then, all of a sudden, some people insisted on bringing the subject up again.

And their outrage has found resonance with millions of Americans. No wonder Wall Street is whining.

http://www.nytimes.com/2011/10/17/opinion/krugman-wall-street-loses-its-immunity.html?_r=1

 

[Katzndogz]

Wall Street doesn't have to whine, Just close the wallet.

So far, between the thefts, rapes and child molestation, the protesters are starting to whine real loud. I give it another week, maybe two.

 

[Brutus]

Wall Street pay has rebounded even as ordinary workers continue to suffer from high unemployment and falling real wages

is that why the bank stocks have lost about 50% of their value just this year and why BoA and Goldman are laying off 40,000 workers!!

See why we are positive a liberal will have a low IQ. One must think not parrot a liberal who is using you

 

[whitehall]

Wall Street doesn't whine. First of all there is no venue for Wall Street to whine since we have an anti-capitalist administration and a predominantly left wing media. The second thing is that unlike lazy politicians on the taxpayer teat and stupid spoiled kids milling around and pissing in the gutter, Wall Street is still busy making money and running circles around left wing politicians who never made a living that wasn't supported by the taxpayers.