Stonewalling of Banking Regulations Spurs Satire

By on July 1, 2013

Daily Show - Jason JonesThe Daily Show has produced a brilliant bit comparing the frequently floundering U. S. financial system, with its attendant crises and crashes, with the more heavily regulated Canadian system. Correspondent Jason Jones conducts a couple of gut-busting interviews that must have required more than a few takes.

Some called for a nationalization of the U. S. banking system following the collapse and bailout in 2008-2009. That idea didn’t gain much traction, probably because of the power the large financial firms wield. This industry imperils all of us, and capitalism in general, with their greedy shenanigans.

Canada is currently embroiled in their version of a housing bubble which has yet to burst. It will be interesting to see how it plays out.

2 Comments

  1. Johnboy

    July 1, 2013 at 3:11 pm

    There is a moral emptiness in those that make finance their career. The more financially illiterate the clientele, the more the bankers profit. That is, until it all comes crashing down and the losses are socialized. At this point, the circle begins again.

  2. Fortunato Luchresi

    July 2, 2013 at 2:39 pm

    Every successful enterprise profits from knowledge disparity. I bet, in your mind, almost everyone is morally empty.

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