Mar
16
2009

'Wall Street Hubris' as Orwellian Comedy

Writing on CounterPunch, former Wall Street insider Pam Martens notes (3/16/09) that the academics and economists (none of whom ever worked a day on Wall Street) have been telling us in op-eds and speeches and testimony before Congress that the crumbling Wall Street structure results from bundled subprime mortgages, collateralized debt obligations, credit default swaps and asset-backed securities. Meanwhile, "in a week's time, [the Daily Show's Jon Stewart] has zeroed in, like a heat-seeking missile, on the core of Wall Street's malady…. The core of Wall Street's corruption might well be the same core that it has drawn the darkest […]