Greed is Bad

I know, you see the title and say "really?" Yes, it's bad because the economy is in the crapper these days because there are lots of greedy people who can never get enough.

My daughter sent me this email the other day:
"On my college interview, I talked about how in history class, we were comparing the 1990's to the 1920's and 2000 to the 1930's economics-wise and how I believed that the country was headed for a recession. MY SEVENTEEN-YEAR-OLD SELF PREDICTED OUR CURRENT ECONOMIC STANDING ON A COLLEGE INTERVIEW. Props?"

Of course, she's totally right. What led to the that economic crisis and the current one is simple greed. Apparently we're in this mess basically because the financial markets were involved first in a basic bait and switch game with consumers, and then lenders sold risky mortgages to greedy speculators who then sold them to greedy major investors and when the poor folks at the bottom found out they couldn't really afford to make their house payments, the whole house of cards began to fall.

And, true to their roots, the Republicans in the White House and in control of Congress for most of the past 25 years deregulated the hell out of the financial markets so there are basically no controls anymore. Why,you ask? So Wall Street could make MORE money, not money, MORE money.

What is it about this country that nobody ever has enough? Just a rhetorical question, without an answer