Wall Street Hubris Soars as Crisis Goes to Waste

[guest]

The past year was filled with opportunities to fix the structural problems of the U.S. financial system—to little avail. Meanwhile, big banks are once again reaping extraordinary profits


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[leeza]

Hello friends


On what remains of Wall Street these days, the past year was filled with one opportunity after another to fix the myriad fundamental structural deficiencies—revealed all too painfully by the financial crisis—that continue to plague the country's large securities firms.


At year's end, not a single one had been adequately addressed, let alone resolved.


This ongoing failure to act in the face of the worst economic downturn since the Great Depression is especially disappointing since President Barack Obama was elected, in part, on a promise to bring constructive and lasting change to the canyons of Wall Street.


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