Hmmm. A ginormous financial institution gambles with depositors dough and loses BILLIONS. Head of said financial institution, ironically, has been the poster boy in a Wall Street campaign to avoid having any government regulations imposed on them to avoid such risky behavior. Conservatives continue to preach that the country’s financial situation would be okey-dokey if only government regulators got out of the way and let the free market do its magic. The operative word here being “magic.”
Stuart Carlson is an award-winning political cartoonist. His work is nationally syndicated by Universal Press Syndicate.
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Monday, May 21st, 2012Tags: bank regulations, banks, casino, derivatives, gambling, risky investments
Posted in Cartoons, Commentary | No Comments »