Banksters of Wall Street whine: ‘where’s the love?’

Posted by AzBlueMeanie:

Drudgico Politico has one of the most insane reports I have read in some time. Our Betters, the banksters of Wall Street, the "smartest guys in the room" who invented casino capitalism and nearly destroyed the world's financial system and economy, are whining "where's the love?" from the Obama administration. Obama & Wall St.: Still Venus & Mars – POLITICO.com (No, really, that's the title). Here's the lede:

On the mental list of slights and outrages that just about every major figure on Wall Street is believed to keep on President Barack Obama, add this one: When he met recently with a group of CEOs at Blair House, there was no representative from any of the six biggest banks in America.

Not one!

"If they don't hate us anymore, why weren't any of us there?" a senior executive at one of the Big Six banks said recently in trying to explain his hostility toward the president.

"It's not so much just this one thing,” he said. “Who cares about one event? It's just the pattern where they tell you things are going to change, that they appreciate what we do, that capital markets are important, but then the actions are different and they continue to want to score political points on us."

My first response was to think of Sarge in that Geico ad:

Matt Taibbi, contributing editor of Rolling Stone magazine, was a guest on Countdown with Keith Olbermann Wednesday night and argues the point I have been making: "somebody's going to emergency, somebody's going to jail." He suggests building a supermax prison on the moon for these banksters of Wall Street. Right on!

Unfortunately, the Obama administration has not done this. So enough with the whining.

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UPDATE: The Washington Post reports 2010 worst year for bank failures since 1992:

More banks failed in the United States this year than in any year since 1992, during the savings-and-loan crisis, according to the Federal Deposit Insurance Corp.

[T]he nation is closing out the year with 157 bank failures, up from 140 in 2009. As recently as 2006, before the bubble burst, there were none.

Now, there are more on the horizon.

The FDIC's list of "problem" banks – those whose weaknesses "threaten their continued financial viability"- stood at 860 as of Sept. 30, the highest since 1993. Historically, about a fifth of banks on the watch list end up failing.