Chicago and Detroit about to cut the pensions of people who have no recourse to new employment. Meanwhile AIG executives are getting bonuses. The incentives in the market are so badly skewed that greed and avarice are rewarded while hard work it punished in its dotage. There is nothing in this of merit. We cannot seem to get sufficienty angry to bring this to a halt. What is wrong with us?
Can we please, finally, put the banks down?