Wall Street’s leaders are largely unrepentant for the immense harm their institutions inflicted on the U.S. economy during the financial crisis, and their outlook nd behavior have not changed in any significant way since the crisis, according to a George Washington University Law School paper.
However the lengthy and detailed paper argues there is hope.
“It remains possible that continued revelations of excessive risk-taking and other abuses on Wall Street could finally shif thte weight of public opinion against our new financial oligarchy.”
Author Aurthur Wilmarth argues that critics of Wall Street must presevere in their efforts to persuade the American people to demand fundamental reforms…. that could finally end too big to fail subsideis for megabanks and therefor break Wall Street’s seemingly invincible power.
To access the paper click here Why Washington keeps giving into Wall Street
