Taking the Life Raft

In the whole time that I watched this, CNN never put up this Representative's name, so I'll have to give him credit for this later. The quote, however, is perfect:

'This is like the captain of the ship and the crew taking the life raft from the passengers.'

That is such a perfect description of how Wall Street has worked over the last decade, at least. It has been operated on a standard of short term profits. The people that sold derivatives and bad loans had understandable short term goals that they were after. There was no thought process on what these actions would do to others down the road. And so, when the ship did finally hit a block of ice, when we started going down, that same standard operating procedure applied.

As the ship has been going down, over the last several years, they have looted all the life rafts and left us to swim for ourselves.