Simon Johnson Decries Influence Of Wall Street Oligarchs,

This article ties in with another piece I read this morning about the Federal Reserve manipulating the stock market. Boosting stocks so they trade higher is just another way of enriching the corporations, banks, and pension funds, thus covering up a lot of bad investments and artificially boosting GDP.

The catch is they cannot do it much longer, just like they cannot spend taxpayer money to buy mortgage-backed securities from the banks much longer. I suppose when that time comes, the powers that be will have to actually fix things, rather than continuing to rob the society blind.