Paul Farrell On The 4 Time Bombs That Would “Ignite A Wall Street Revolution”
by Tyler Durden
That the bankrupt US is living on borrowed time between various can kicking episodes is by now not news to anyone. Neither is it news that as long as the broader population finds brief distractions, such as the latest iPad app or the occasional Charlie Sheen scandal, which keep them busy in peak advertising hours, few if any will care about the sordid details of the unsustainable big picture. This ongoing apathy is starting to get to some market commentators most notably Paul Farrell of MarketWatch who summarizes events in the past 2 years as follows: ” Admit it, we lost the opportunity. Jail a bank CEO and Wall Street will miraculously reform? You’re joking, right? Wall Street got away with a “legal” bank heist. Today the should-be/would-be inmates are running the prison. Wall Street’s corrupt banks have lost their moral compass … their insatiable greed has become a deadly virus destroying its host nation … their campaign billions buy senate votes, stop regulators’ actions, manipulate presidential decisions. Wall Street money controls voters, runs America, both parties. Yes, Wall Street is bankrupting America.” But nobody cares. So what would make America care? Here are the four time-bombs which Farrell believes will be sufficient to blow up Wall Street.
4 ticking time bombs that will ignite the Wall Street revolution