Michael Lewis Describes Arrogance & Delusion on Wall Street–Even in the Aftermath of the Meltdown. My Must See TV.

Here’s My Skinny: Michael Lewis, Author and former Investment Banker, Describes Wall Street’s Delusional Entitlement Surrounding the Shadowy World of the CDO Markets….the now agreed upon, predominant CAUSE of the entire banking meltdown. Just to be clear…it’s the selfish mindset and diabolical, deliberate and continuing arrogance of Wall St.–towards the collective good–that continues to generate the rancid odor (think continuing greed) that’s leaking down Wall St. and directly onto our streets. Can you smell it? Here’s an idea: regulations on CDO’s? Nope. The lobbyists won’t have it. Nor will the lawyers. Look what the lawyers, financiers, traders are eating at the International Swaps and Derivatives Association pow-wow last week…steak…(a big, giant ’FU’)…while holding (lack of regulation) consortiums laughing…as if all is well (see article entitled, the ‘CDO Titanic’” in my “Main Page” margin.) They eat steak while the American public continues to enjoy dining on sand and sucking on bone marrow–ship wrecked and marooned on the “CDO regulation(less)” Skeleton Coast. For the Love of…

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