Douglas Rushkoff vs. Wall Street

[alice wellintown]

> And what is it the wall street bankers want - and get?
>
> They want the regulations less and less restrictive so that they can get what they want (our $$$) .   But if the regulations are tightened, well,  then they just have to raise the debit card fee, the checking acct fee,  an on-line user fee, and kick in some higher interest rates ... unless  you've got the big bucks bank account to prevent that.   This is all because they have a RIGHT to make a profit and they want that profit NOW!  (and the bonus of course - for their service).

We all have the right to make a profit. Bankers don't have a monopoly
on profit. Apple makes profits. Intel. IBM, MMM, MCD, Mrs. Martha's
Baked Goods, Paul, Ringo, Gaga. Banks invest tons of money so that
they may have a profit in the future. Of course, they need short term
and long term profits. Some banks and some investment banks pay some
of their employees with bonuses. Bonuses are often tied to long term
and short term profits, sometimes to specific business ventures within
a large firm so that one group may get a bonus while another group
gets none. If the Yankees win the World Series, the players get a
bonus. If Pynchon seels more books, he gets a bonus. Bonus pay is
usually contractual. But a bonus has nothing to do with fees charged
to kids who run up their credit cards or default on student loans.