Thursday, March 19, 2009
CIVIL UNREST AND WALL STREET
There are news reports that executives of AIG and Merrill are being harangued and threatened by those angered by bonus gate. While the personal safety of these people and their families is a legitimate concern, the anger that is manifesting itself is not misplaced.
What we are seeing is a proverbial "tipping point" of popular outrage. When the system fails to hold those responsible accountable, while ordinary people are suffering, it should be no surprise that frustration boils over.