disproportionate obsession

Came across this yesterday. I like how the man thinks - his solutions and ideas are very clear and easy to understand for the total financial n00b like myself. His most recent post, What Wall Street Should Be Required to Do, to Get a Blank Check From Taxpayers, is quite good. Here’s an excerpt:

The public doesn’t like a blank check. They think this whole bailout idea is nuts. They see fat cats on Wall Street who have raked in zillions for years, now extorting in effect $2,000 to $5,000 from every American family to make up for their own nonfeasance, malfeasance, greed, and just plain stupidity. Wall Street’s request for a blank check comes at the same time most of the public is worried about their jobs and declining wages, and having enough money to pay for gas and food and health insurance, meet their car payments and mortgage payments, and save for their retirement and childrens’ college education. And so the public is asking: Why should Wall Street get bailed out by me when I’m getting screwed?

Indeed!