Finance Geek

"The theory that bailout benefits sans meaningful reform will trickle down and benefit the average Joe (as much than or more than bankers) is the kind of perverse logic only an economist could love. It’s is faith-based economics — and it’s Barack Obama’s biggest mistake. (Consider for a moment that 20+ per cent of hedge funds misrepresent info.) For years, George Bush hunted for phantom WMDs, while terrorist networks flourished under his nose. Now Barack Obama is hunting for a phantom prosperity, while the greatest robbery in the world is happening right under his nose."

Reinventing Wall Street From the Bottom Up - Umair Haque