think big thoughts

How Wall Street occupied the Fed

From Salon:

The outrage, they all agree, is that the same determination and all-in blitzkrieg wasn’t aimed at unemployment and the foreclosure mess and the myriad woes affecting the rest of America. The 1 percent got a gift-wrapped bonanza, while the 99 percent got the shaft. As soon as the financial panic subsided and stock prices started to rise, policymakers started worrying far more about inflation and deficits than actual human suffering. And that’s unacceptable.