Robert Reich being interviewed by Australian Broadcasting Corporation, snuck in a pretty good one-liner, I thought might be worth sharing:
ROBERT REICH, PUBLIC POLICY, UNI, OF CALIFORNIA: I wish I could say, Ali, that there were a lot of lessons learned on Wall Street. There don’t seem to be. […]
And yet the public is now out almost $600 billion, having cushioned the blow of the last round of risky ventures that Wall Street entered into. So, I wish I could be more optimistic and upbeat about where Wall Street has come to, but I don’t think they’ve learned a thing.
ALI MOORE: Why is it? Why haven’t the lessons been learned? Why is it that nothing has changed?
ROBERT REICH: A word with five letters: it’s greed.
[Here’s the one-liner]
If you take the greed out of Wall Street, all you’re really left with — is Pavement!
Transcript Broadcast: 15/09/2009
(h/t to Thom Hartmann)