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Why Wall Street Should Stop Whining | Matt Taibbi

Business  (tags: "The End of Wall St. as they Knew It", Gabriel Sherman, Taibbi's critique, trashing the economy, loss of bonuses, Obama, Dodd-Frank, Volker Rule, printing $ trillions, Bernanke QE3, Europe imploding, illegal acts, misunderstood AND undercompensated )

- 2267 days ago -
Everybody on Wall Street is talking about the new piece by New York magazine's Gabriel Sherman, entitled "The End of Wall Street as They Knew It." Taibbi isn't buying Wall St.'s angst about the soul crushing effect of Dodd-Frank and the Volker Rule.. .

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Judy C (97)
Thursday February 9, 2012, 12:37 am
I posted the New York magazine article that Taibbi is discussing here, and it's pretty interesting to read it as I did, before reading this article. Here's a link to it:

The End of Wall Street As They Knew It

Kit B (276)
Thursday February 9, 2012, 7:00 am

Then we move on to the reality that the Dodd-Frank bill does not, in fact go far enough in controlling these gangsters. Take a deeper look at all the exemptions in the bill and that the banks can still operate on what was once considered illegal practices. I thank Matt Taibbi as I did when I posted this on Monday, I hope many read it here. It needs to be seen in conjunction with the many exemptions that still allowing for what should be branded as illegal activities. Is is any wonder that after the Great Depression many stopped using banks at all? Move your money to a credit union, why continue to support those who acted for their personal gain in total disregard for the public trust.

Fiona O (565)
Thursday February 9, 2012, 9:35 pm
I can clearly understand why people quit using banks after the depression.

Judy C (97)
Thursday February 9, 2012, 11:24 pm
I have considered my mattress a few tims, B.H. :-)

Kit, Dodd-Frank has arguably had a little more effect than expected, but I do want to see these criminals behind bars!

Kit, are you sure this was the article you posted Mon.? I just commented on one you posted Mon. called "Victory for the Publc On Foreclosures?" That article by Matt Taibbi was published on Jan. 28th in RS. I usually do a check on C2nn before I post articles, so I won't post a duplicate. Sometimes it's tricky, because, as you now, sometimes an article will appear in more than one source. This particular article first appeared in RS on Wed. Feb. 8th. The New York Magazine piece that it responds to was published Feb. 5th. Thanks for commenting.


Christopher Fowler (82)
Friday February 10, 2012, 12:59 pm
All of what needs to be done is to, quite simply, roll back the legislation to what was established to get us out of the Great Depression. If we can reign in the excesses of the banks and financial institutions, then we can se a return to our nation's economic recovery and a return to American financial exceptionalism and bring us closer to getting out of debt.

Kishore Amma (3)
Friday February 10, 2012, 3:28 pm
I can clearly understand why people quit using banks after the depression.

KS Goh (0)
Sunday February 12, 2012, 5:31 am
Thanks for the article.
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