It doesn’t seem like all that long ago Wall Street came to Washington hat in hand to get bailed out of an existential threat of their own doing. A U.S. financial system in flames would have touched nearly every single American where it hurts – their own wallets – so Washington paid up. Taxpayers and big bank executives alike would do well to remind themselves that no other class of citizen – save corporate citizens – have the standing and ability to do so well for themselves with Uncle Sam when they make a mistake.
Essentially, Wall Street got a do-over. How often do you and I get a do-over when we massively screw up? Hardly ever, and never paid for with our neighbors’ tax dollars.