If this deadly dynamic isn't solved -- if the biggest banks aren't broken up, if the Department of Justice doesn't start prosecuting crime in the financial sector -- our country will in the not too distant future see a financial crisis far worse than in 2008.
There is a new report out once again reminding us of the greatest disappointment progressives have in the Obama administration: the lack of toughness in regards to Wall Street. Until the Obama administration fixes this problem, the rest of the economy is going to keep suffering.
If our elected officials are to be truly representative of the populace, we need to get a larger, more diverse pool of donors to participate in the campaign financing system. We must also stop the unlimited flow of big money into politics.
It would be difficult to find an industry as ethically bankrupt as those involved in "managing" your investments. The harm these "advisers" have done to the retirement aspirations of hardworking Americans is incalculable.