I loved this from Andy Serwer, managing editor of Fortune: [Hat tip L!]
MEMO TO WALL STREET: SHUT UP! I really am sick and tired of all this sanctimonious b***ing on Wall Street. Puh-leeze! All these people saying that Bernanke isn’t tough enough, or aggressive enough and that he needs to move FAST to stave off bad times. You know what Wall Street? YOU screwed up! You guys got yourself in the soup. So swim! Bernanke is not in the business of bailing out a bunch of pinstriped lollipop suckers. His job is to watch over the entire economy, and yes I know you won’t like to hear this, but that includes such locales as Des Moines, Peoria, Oshkosh, and Apalachicola. That’s right. Places you make fun of! If you all would say ‘You know what, it’s our bad. We messed up. We need help. We know we need to share in the pain - and the government can share in the upside (a la Chrysler back in the day), but some moolah just to shore things up would be nice. How can we make this happen?’ That would be honest and okay. But you’re not doing that. You are whining and not ‘fessing up! And it drives me nuts! So hush up and go home to Greenwich tonight and drink a highball and think about taking some responsibility and stop pointing fingers. Do I make myself clear?!?
I would only like to add a couple of comments:
