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View Diary: How to leave a bankster speechless (171 comments)

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  •  I think there's some true-believerism there (11+ / 0-)

    The real problem is that they see themselves not as a part of the American economy, but actually as the American economy itself.

    Really, the sense of self-importance among these people is intense. They're the "masters of the universe", remember?

    So they really do hold fast to the belief that "Whats good for Wall Street is good for America", and they choose not to look further than that, ignoring inconvenient details like, say, the last 10 years.

    It's a pretty sweet gig, really: When the economy is doing well in a manic over-leveraged phase, they take all the credit.  When the resulting crash occurs, they not only get bailed out, but the resulting recession is everyone else's fault for 'not allowing them to grow the economy.'

    If you watch the documentary "Inside Job", or if you read "Too Big to Fail", the one thing you take away is the overwhelming and unquestioning arrogance of everyone on Wall Street. They believe they're obviously the smartest people in the room, because they have the most money.  If we were as smart as them, we'd have that kind of money.  Completely ignoring the fact that the game has been rigged in their favor so they can't lose.

     It's like your eight year old son thinking he is Wilt Chamberlain because you let him beat you in basketball every day.

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