The problem isn't Wall Street greed. The problem is that the government rescued the banks with public bailouts, at a time when a true capitalist system would have put them out of business.
The problem in the rescue this time is that the TARP money went to rescue the banks, not to the middle class that needed it. The "too big to fail" banks got bigger. Glass-Stegall was not restored. The Republicans stonewalled any meaningful regulation. And of course Congress was bought and sold.
Capitalism is the economic engine of our society, but it cannot be allowed to complete freedom without being regulated to conform to the economic and social needs.
The problem IS [wall street/banks/government] GREED
All of Obama's top advisers are GS and banking cartel.
Thus we transfer all our wealth to them.
Just like when all of Bush/Cheney's cabinet (including Cheney) were all from the MIC cartel - we transferred all our wealth to them.
This is 30 minutes worth your time:
I'm the biggest conspiracy theorist there is (Conspiracy 0: hijacking the term "conspiracy"), but this guy flips my bozo bit.
That said, his description of fractional reserve banking is mostly accurate; it just seems an odd source when there are so many good video and text diatribes on the subject.
Umm, the bank bailouts aren't the big problem. They turned a profit, and since the subprime crisis was mostly due to govt action....
The big problem is the other bailouts and subsidies. They're never going to pay off.
[1] http://www.rollingstone.com/politics/news/the-great-american...
As I wrote, the bank bailouts weren't a huge money-suck and the subprime crisis wouldn't have happened without govt intervention. (We can argue about why govt intervened, but that doesn't change the fact that it did.)
You can't say either about the other govt bailouts.
Note, I'm excluding the GSE's (like Fannie Mae) bailout from "made money" - that is still losing money.