Unfortunately, the banksters, making all these lousy bets on economic trends around the world (derivatives), are part of the problem. When the bets start going bad, the banksters are going to lose money. Notational value of all these bets around the world: up to 1.4 QUADRILLION dollars. Actual value in the end: far below that, I would presume.
Bailouts, anyone?
Joe Walsh needs to chill and acknowledge that the banksters really are part of the problem.
Privatize gains, socialize losses, that’s the bankers’ formula.