Nah…it’s just plain old greed, graft, and theft. Same as always.
See, here’s the thing - they know it’s bullshit, but enough people are still buying so they will continue to sell it.
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Ah yes, the Vimes’ School of economics.
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I take your point without objection, save that the rich person wouldn’t be caught dead wearing ten-year-old shoes 
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Agree that a great opportunity was missed in 2009-2010! POTUS Obama had in fact ordered then Treasury Sec. Geithner to draw up plans to nationalize Shittybank but Geitner slow-footed doing so. Why Mr. Obama didn’t show Geithner the door then still mystifies.
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Hey, Chammy, I am with you on folks expressing different opinions and viewpoints, but when folks like Manziel present themselves as condescending, know-it-all jerks, they are fair game.
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Or shoes that cost a mere $150…
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One thing we can all be sure of - we’re not going to get any startling new insight into intractable problems from the likes of Manziel.
This individual apparently still believes the old ‘rising tide lifts all boats’ nonsense (or is at least willing to pretend), presumably because a job depends on it.
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After living personally through the Reagan years and listening to those self-same ‘Reagan Democrats’, I’m pretty sure I have Manziel’s number as to what they believe politically.
The fact is, the Democrats need to go back to the party that they were (fighting for the little guy and for employees rights and wages) and deal with big business before big business decides they only want 1 party in charge and do everything to dismantle the Democratic party completely.
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It’s kind of like trying to have an intelligent and respectful conversation with Mr Comments … :-S
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Well, no one discounts the idea of a rising tide lifting all boats. The problem is that we have a lot of people in the US that don’t even have boats and are being drowned by the rising tide.
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We did. It was even more than an opportunity, it was an imperative as we were thrust into a global economic downward spiral brought on exactly because of institutions like Citi being way too big with hands in way too many pots.
But the part that really makes me grind my teeth is not only did we not break them up, they emerged stronger and with more power in government as a result. That quote from Warren came about when she was arguing against the monster of a bill that Obama lobbied so hard to pass last December, with amendments written by Citi that put the tax payers right back on the hook for covering any losses they incur for gambling with FDIC deposits. And the bill passed.
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Thanks!!
Well, maybe at Jamie Dimon’s level they know it’s all bullshit, but many of the underlings are true believers.
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if and when Dimon’s and Warren’ paths meet, he better have a ribbon and a bow on that free toaster.
One of the Big Lies exposed during the crash was the one about the invisible hand of the market. Writ so large that nobody could miss it, their failure was socialized away and picked up by the american taxpayers. Before and since, their success? Not so much; that stays privatized.
But the really galling part of that Big Lie is the “market” didn’t pick winners or losers. Hank “G&S” Paulson picked the winners and losers. And so therefore not suprising that he picked one of Goldman’s biggest rivals to be the loser…even though their demise was obviously going to create the sort of chaos on a much bigger scale, that he argued against in saving Bear Stearns.
The invisible hand had nothing to do with the disaster. It was the very real and visible hands of a lot of Wall Street Money boys pulling those levers.
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I had the same thought. Using “mansplaining” in the headline was poor choice and turns an honest political/economic debate into a gender issue which it is not.
All that said, she made a great comeback, all the more admirable because we can be sure she wrote it herself and was not ghost-written by staff.
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Believe it or not, it really is what I’ve observed. A lot of these lower class Republicans want jobs, financial security, and for corporations to stop being overly greedy. The problem is that they’ve listened to rhetoric over the last thirty-five years which has told them that Blacks, Hispanics, and Asians are taking away their jobs. When presented with the reality that corporations used the lack of Union presence in the South to force low wages and even move companies over seas, the tendency is to actually turn against Corporations.
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Not sure. The so-called “Reagan Democrat” was blue collar, duped by some into believing that what Wall Street was peddling was actually good for them, because, you know, Jesus and white bread and all that. I take it that this Manziel character, like his namesake Johnny Football, is one of the dupers, not one of the dupe-ees.
We all benefit when business is successful, if the rules of the road so constrain the greed of the wealthy to providing opportunity for all citizens. That policy is what is meant by “the rising tide lifts all boats.” That has nothing to do with shuffling paper and bending the rules to make a quick buck, particularly when doing so has deleterious effects on the citizenry at large.
It doesn’t take a trading desk manager to realize that the job creators are creating those jobs in China and other low-wage enclaves, and that taking unprecedented risk in paper shuffling using mathematical prestidigitation as a rationale and depending on taxpayers for bailouts once those schemes collapse should be criminalized.
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YES! Someone caught where I got that from 
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Oh, I’ll agree that there were some that were truly duped by the Reagan years, but I’m actually talking about those who identified as Democrats up until the time that Reagan left office. They then went on to identify as Republicans.
Although some of that might have been due to many Dixiecrats still being a part of the Democratic party. I know there were still a few until after the 80’s when they moved their political allegiance completely to the Republican party.