The Mugging of the Common Good

Robert Borosage, The Campaign For America's Future: "President Obama traveled to Wall Street on the anniversary of the collapse of Lehman Brothers that triggered the worst financial debacle since the Great Depression. His purpose was to challenge Wall Street's barons, telling them: 'We will not go back to the days of reckless behavior and unchecked excess ... where too many were motivated only by the appetite for quick kills and bloated bonuses.' Those days are over, the president said. It's time for comprehensive legislation. Taxpayers won't cover your bets or your bonuses. And we know once more the threat that financial holdings can pose to the nation."

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