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View Diary: Heads are exploding on Wall Street with Elizabeth Warren winning Senate Banking Committee seat (215 comments)

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  •  If any heads are exploding on Wall Street (2+ / 0-)
    Recommended by:
    smokey545, svboston

    it's due to hysterical fear.

    We've come pretty darn far down the road to right-wing fanaticism in this country when people react to a progressive consumer advocate as if she were some kind of Bolshevik agent who's plotting to line them up against the wall.

    What's going to happen is she's going to advocate a regulatory floor precluding certain bottom-feeding practice. If it gets passed there'll be grumbling, but in the end everyone except a few inveterate, non-adaptable bottom feeders will be making just as much money as ever. Maybe more because competitive pressures will move people toward more creative measures than a race to the bottom.

    It's just irrational fear of change, that's all.

    I've lost my faith in nihilism

    by grumpynerd on Tue Dec 04, 2012 at 04:01:41 PM PST

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