Wall Street's Whining Liars

As a corrective to the Whiny-Ass Titty Babies of Wall Street setting new standards in unjustified whining ...

It appears that our Wall Street masters are still miffed that President Obama used a few harsh words against Wall Street even after he helped give them their wingnut welfare bailout.

SNIP

Here's another lesson I hope the President has learned. You can give the financial sector a trillion dollars, keep their institutions intact, extend the Bush tax cuts that go directly to themsleves and allow the flow of what are now a record number of monetary bonuses to keep on chugging and they'll still turn on you because of a few mean words. These people are truly in their own world that only Alan Greenspan and his fellow Randian uber- narcissists relate to. And in the end, these corporate jet setters would never support the left for an extended period of time because for the most part their ranks are made up of Birchers and Free Market freaks.

.... read this terrific piece by Les Leopold on the Top Ten 2010 Lies of Wall Street:

What a great year for Wall Street: profits up, bonuses up and, best of all, criticism down, especially from Washington. Somehow Wall Street has much of America believing its lies and rationalizations. We're even beginning to forget that Wall Street is largely responsible for the economic mess we're in.

So before we're completely overtaken by financial Alzheimer's, let's revisit Wall Street's greatest fabrications for 2010. (For the full story, please see The Looting of America.)

1."Honest, we didn't do it!" Two years ago Wall Street's colossal greed crashed our economy. Our financial elites created and spewed highly leveraged toxic assets around the globe. These poisonous "innovations" pumped up the housing bubble and Wall Street grew insanely rich in the process. When it all burst, we learned that the big Wall Street institutions that had caused the crash were far too big to fail -- and too connected. High government officials came to their rescue with trillions in cash and guarantees -- underwritten, of course, by we taxpayers. Everyone knew this at the time. But if you asked just about anyone on "The Street" they denied all culpability and pointed the finger everywhere else: Fannie, Freddie, the Fed, the Community Reinvestment Act, tax deductions for home buying, bad regulations, not enough regulations, too many regulations, too much consumer debt, the rating agencies, the Chinese -- and on and on. Sadly, their blame-shifting strategy worked, bamboozling the media and people across the political spectrum. The GOP members of the Financial Crisis Commission are so drunk with this Kool-Aid that in their minority report, they refuse even to use the words "Wall Street" or "speculation" in assessing the causes of the crash. Hypocrites? Crooks? Morons? Take your pick.

Read the whole thing.