Danny Schechter - ColdType

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all trapped inside the bubble and so from their vantage point
they don’t know they are in a bubble …”
And finally, what about the public?
Without outrage, without protest, little is likely to change,
says ex-banker Nomi Prins:
People should be angry. People should be angry with Wall
Street because there was – when the money was being
made, when the securities were being created – there was a
lot of partying. There was a lot of backslapping. There was a
lot of extraction.
And she believes there will be more to come.
Yet, this financial crisis will not be turned off like a light
switch. Millions are struggling to survive, as conditions get
worse. A recovery for the financial sector does not translate
into a recovery for those who have been hurt the most. Experts
are now floating the idea of a “jobless recovery.” Critical analysis
needs to be offered, heard and seen.
Movements for economic justice need our support and if
we want the government to do the right thing, we’re going to
have to press it to do so, and not just with e-mails. I began this
investigation of wrongdoing and crime on Wall Street with a
hope that others would join. Some have, most have not.
Unfortunately the most accurate coverage has been on the
TV comedy shows.
For starters, we need a full investigation with subpoena
power like the Pecora Commission, which followed the Great
Crash of 1929. We need to know who benefited from one of
the most insidious crimes in history.
How did Wall Street’s wizards engineer this disaster, and
who was complicit with them? Will wrong-doers ever be
shamed, prosecuted or held accountable?
Even as some progress is being reported, even as these
issues are finally getting visibility, experts on the financial sys-