I'm of the general view that the majority of Americans are decent, hardworking, honest people who are simply striving for a comfortable life and to leave a good life for their children and grandchildren.
However, it appears that our Galtian overlords aren't on the same page as all of those good people:
Many of the country's largest banks received $6 billion in kickbacks from mortgage insurers over the course of a decade, according to a previously undisclosed investigation by the Inspector General of the Department of Housing and Urban Development.
This is why vigorous regulation is needed of the financial industries and institutions in this country and specifically at this time in our history. These people simply cannot be trusted one iota to temper their greed and do the right thing by their country and their fellow countrymen.
It was Wall Street's and the banker's gilded age greed that brought on the great depression of the 1930's. Some tough regulation came out of that awful and cruel experience. Over the decades however, people have historically forgotten why the depression happened and what the solution was and they have allowed the greed-meisters to pay their way out of regulation jail.
And guess what? They've done it again.
What's the old saying? Fool me once shame on you, fool me twice shame on me? . . . we won't get fooled again?...
...or maybe it's just too late and we have been fooled again already . . .