Too big to jail

Too big to jail

A year after the financial meltdown, Mother Jones magazine has put together a series of articles on the history, impact and consequences of the event, and it's sobering stuff.

Blogger Kevin Drum concludes: 

A year after the biggest bailout in US history, Wall Street lobbyists don't just have influence in Washington. They own it lock, stock, and barrel.

And editor David Corn discovers that the public, far from reaching for the pitchforks, have been giving the bankers and the politicans an easy ride:

though they were upset by the shady and incomprehensible machinations of big banks, they were not revved up for revenge. "Their intellectual criticism was directed at the financial world," Marttila says, "but their emotional criticism was directed at themselves."

There is plenty of thoughtful and considered analysis to be found here, and well worth a look.