Wall Street Journal begs for populist movement for financial reform
So they say, governments lie, banksters lie. So it’s up to us to protect our Benjamins obviously.
There’s no small irony in the fact that the same governments that once took advantage of derivatives peddled by international financiers to help conceal their true financial condition are now claiming to be the victims of the same banks’ dealings in the derivatives market. But the blame-the-bankers theme in the nascent sovereign-debt panic is of a piece with the banker-baiting that came in the wake of the 2008-2009 financial crisis.
Once again, our political class has been all too eager to find someone else to blame for its own economic mismanagement.