People like Max Keiser have railed for years about the atrophied and dishonest nature of the US stock market/ US banks / US regulators relationships and the weak economic outlook.
Here is the reality; the economy was damaged by the US banks' greed. The US government bailed out companies that deserved to fail (how would the economy look if home owners held mortgages that were worth 50% to the bankruptcy creditors - that seems like a logical and fair outcome - the debtors win and the bankers lose). The US regulators are OK with fining US banks and to keep the crimes under prosecuted. The last fact, the US government shot it's bolt of free money bailing out the companies they hoped would keep jobs. Of course to do that the corporate sociopaths demanded their own livelihood was part of the bargain.
So my postulate is this: the US commercial system will continue to downplay the corruption, continue to lie to the people about what went on, and to hope that the continued wish becomes reality as people make the improvements to the economy themselves. No bankers will go to jail, no money will be refunded to lost pension funds. The US Fed plans to keep lying about the number of US dollars in circulation and basically "will the recovery" like a necromancer might raise a body from the dead.
Here is the reality; the economy was damaged by the US banks' greed. The US government bailed out companies that deserved to fail (how would the economy look if home owners held mortgages that were worth 50% to the bankruptcy creditors - that seems like a logical and fair outcome - the debtors win and the bankers lose). The US regulators are OK with fining US banks and to keep the crimes under prosecuted. The last fact, the US government shot it's bolt of free money bailing out the companies they hoped would keep jobs. Of course to do that the corporate sociopaths demanded their own livelihood was part of the bargain.
So my postulate is this: the US commercial system will continue to downplay the corruption, continue to lie to the people about what went on, and to hope that the continued wish becomes reality as people make the improvements to the economy themselves. No bankers will go to jail, no money will be refunded to lost pension funds. The US Fed plans to keep lying about the number of US dollars in circulation and basically "will the recovery" like a necromancer might raise a body from the dead.
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