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Capitalists of Chaos and Catastrophe

By Implode-Explode Heavy Industries

" Perhaps what we witness is an ongoing and deepening chasm that divides the world of finance and politics on the one hand and the world of everyday people on the other, as Rasmussen Reports indicates: 67% of Political Class Say U.S. Heading in Right Direction, 84% of Mainstream Disagrees. This chasm was greatly facilitated by governments relying on policies based on the notion that too-big-to-fail -financial- institutions needed to be bailed out at any cost. Later in the year, as a direct consequence of these policies, we will see another round of insane banker and trader bonuses, just as citizens? sentiments and incomes fall, and unemployment and poverty keep rising."

Full post as published by Mortgage Lender Implode-o-Meter on August 05, 2010 (boomark / email).