31 March 2009

Anger at Wall Street

The Wall street traders who were doing this stuff for constant profits on a day to day basis were on a Sherman’s March through these companies, financed by our 401(k)s, and all their incentives were for short-term profits. They burnt down the house with our money and walked away as rich as hell.
Jon Stewart made this statement during his interview of Jim Cramer. The interview has created a great deal of debate. I do not take either man seriously, because they are both more interested in their performance than the truth. My only comment is that the statement quoted above sums up the anger that many Americans are currently feeling.

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