The much ballyhooed loan remodification program wasn’t the way to fix America’s economy. The same people that fuxed up the economy in the first place were given the bonuses. The US taxpayers were strapped with the paycheck to the tune of billions of dollars.
The Federal Reserve chairman Ben Bernanke says that stronger regulation is the key to preventing another financial collapse. No one gets it, or worse, no one wants to face the facts that the logical evolution of capitalism is economic collapse upon the failure of businesses.
The culture of Wall Street can’t be changed just like sharks can’t be converted into vegetarians. Chairman Bernanke needs to wake up and smell the blood in the water.
