Friday, October 28, 2011

"No redeeming social value..."

Without offering any particularly useful remedies or further insights, Former Reagan and Bush-1 Treasury Secretary Nicholas Brady responds to the "Occupy Wall Street" sentiments and confirms what, increasingly, we already know - the powerful financial sector has become bloated, unproductive and increasingly irresponsible:
I understand the roots of this vocal resentment. When I came to Wall Street in 1954, investment banking was a profession, one that financed the building of this country’s industrial capacity and infrastructure.