Wall Street Moves In For The Kill

We are at a pivotal moment in the struggle to restrain the financial industry’s toxic blend of recklessness and political influence. Bankers have escaped criminal or financial accountability for their crimes, despite failures and frauds on a scale so epic it’s difficult for most of us to envision. And, although the 2008 crisis discredited the bank-friendly ideology of deregulation, that ideology is once again being promoted aggressively in politics and the media.

Bankers have had many political victories since their moment of financial failure, but those victories have been incomplete — until now. Has their hour come around at last?

If there’s one thing bankers understand, it’s timing. Wall Street isn’t just trying to get another friend into a powerful position and win back its taxpayer guarantees. It wants to make its own agenda appear inevitable. It wants to crush an incipient populist resistance before it gains more momentum. It’s moving in for the kill.

http://ourfuture.org/20141209/wall-street-moves-in-for-the-kill