Who will be Wall Streets’ sacrificial lamb?

One may be perfectly correct in thinking bosses of Wall Street are shaking in their boots while hiding in office closets, under desks and behind skirts of their secretaries as Occupy Wall Street protesters gain world wide momentum. Their fears are justified.

If history is correct in repeatedly telling us there is a law of the jungle and only the strongest survive, we are soon to see more than a few Wall Street barons thrown to the lions.

In my opinion, it is un-natural to further protect them. There is that saying of seeing the handwriting on the wall coupled with the laws of self preservation.

There may already be secret talks with Eric Holder who is following up on various ‘anonymous’ tips.

In this present politically and economically dysfunctional environment, all roads lead to Wall Street. We’ll see.

As always,
BB
P.S. There is this Lone Ranger joke:
- Tonto, the Indians have surrounded us! They are going to kill us!
- What do you mean “us”, Kemo Sabe?

The Volcker Rule and Occupy Wall Street
By Ted Kaufman
Excerpt:
That's how it turned out for the next 50 years. The country prospered with no major financial crises. Then, in the late 1980s and into the 1990s the Federal Reserve under Alan Greenspan -- over the objection of previous chairman Volcker -- began easing Glass Steagall restrictions. In 1999, with the support of key Clinton administration officials, Congress passed the Gramm-Leach-Bliley Act. Glass Steagall was entirely rescinded and commercial banks were again allowed to engage in investment banking. It took only ten years for the perhaps inevitable result -- the financial meltdown of 2008.
Read more at:
http://www.huffingtonpost.com/sen-ted-kaufman/the-volcker-rule-and-occu_b_1016053.html