"To err is human; to forgive, divine," goes the saying. That sums up the four-year conflict and conundrum between Wall Street and Main Street. We can't forget and we don't want to forgive.
The "monomaniac" pursuit of profit, taken to "demoniac" extremes (two words Melville uses repeatedly) is a killing pursuit that can take every last thing -- even the ship itself (read: the nation) -- down.
Like many, I am angry. Washington and Wall Street are tied at the hip and spend most of the time talking to each other. They have social and economic connections and media outlets devoted to promoting their philosophies.
If Main Street takes another shellacking from Wall Street, expect a revolution mounted by Main Street, one that will make the Tea Party's anger seem, in comparison, tepid.
It's always a mistake to let a ranter rant. Without pushback, the anger takes flight.
The question now is: With the public now inflamed in anger, th...
Nearly a year after the Obama administration announced a plan to help up to 1.5 million struggling homeowners modify their second mortgages, not a sin...
An Obama administration plan announced in April to help up to half of all struggling homeowners modify their second mortgages has yet to officially la...
The ultimate Wall Street victory: bankers rob the Treasury, then the government gets blamed for the heist. You can hear the glasses clinking, come bonus time.
There has been a long and irreversible trend toward small, entrepreneurial businesses, located far from money centers. Instead, Washington keeps throwing money at these "too big to fail" money losers.
Neither fear nor a quick fix is the answer to the economic crisis. It's time our country exercised some caution, forethought, courage, and patience to get ourselves out of a crisis.
The bailout doesn't smell right to the people of Manassas Park, where the foreclosure signs are as common as azaleas. They know all about bad debt her...