Enormous amounts of public and private wealth have been lost in the last year as stock markets were forced to revalue assets that were products of monumental foolishness and outright greed. But the same people who benefited from creating and marketing these products, along with the same people who allowed this chicanery to happen, are the people who are now supposed to make things right and prevent the same things from happening in the future. What's wrong with this picture?
Washington's Moves
To Reform Wall Street
When Wall Street gamesters over-reach,
Their false promises clear to gainsayers,
And greed and cons that built Street wealth
Are revealed, stacked layer on layers;
Then anger grows and officials swear
"We will punish these gross betrayers;"
But the cure's dealt from the same old deck,
Shuffled by the same old players.
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