Is it me or is this the worst writing yet? I can’t make sense out of this post
Try keeping your eye on the money. As the post says: the total profit available in the deal must decrease for each component that is added to the complexity of the transaction and for each person who has some “finger in the pie.” IOW if Wall Street is making more money recycling financial transactions, then necessarily other people must be making less money.
How do they get their fingers in your pocket? They create money to dilute all the other money and then collect interest on it. ... the person who writes that swap at a lower-than-actual-risk premium has effectively "created" money. They have made a promise to pay they cannot keep at the actual price of risk; in effect, they have "grown" the monetary base via cheating!
The essential fact is that Wall Street has figured out a very profitable way to pick your pocket. To do so, they took a lot of risk that cannot be repaid. Now they want you to repay it while they argue with Obama that this is a complex game and they need to pay people - themselves - a lot of money to keep managing the casino. Well we don't care whether they can get the best folks to do it or whether they work 90 hours a week doing it. We want the business shut down.