The banks aren't creating anything real, just imaginary financial instruments. But ensuring that more people have access to a college education will only improve society in the long run. So why are we bleeding poor students dry while giving big banks preferential treatment?
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.
Taking on the big banks is not just another issue. These TBTF banks have the capacity to crash our economy any time they get greedy and make a bad decision, and they suck trillions of dollars out of productive investment in Main Street businesses.
The new Rich List is out -- yet another example of financial pornography. While nearly 15 million Americans still can't find jobs due to the Wall Street-created crash, the top hedge manager, David Tepper, earned $1,057,692 an HOUR in 2012.
Despite negative public sentiment and the rise of the Occupy movement, the avarice on Wall Street arrogantly continues on. The big banks are now even bigger and more powerful than they were in 2008 when they were bailed out by the U.S. taxpayers.
The only thing that can stop President Obama from cutting Social Security now is Congress. Therefore, the only thing that can stop President Obama from cutting Social Security now is public pressure on Congress to stand up to Obama and say no.
Political leaders uniformly give lip service to 'capitalism' as being the bed-rock principle on which our great nation rests. But careful examination of what our leaders have actually done, and are actually doing, when not boasting or fundraising, may lead one to different conclusions.