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Wall Street gets it


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I don't know why people, even smart people, keep saying that bankers and the rest of the Wall Street crowd don't get it. Dana Milbank, writing in The Washington Post, said it just the other week after Lloyd Blankfein, the Goldman Sachs chairman, testified before the Financial Crisis Inquiry Commission. It was a remarkably arrogant performance, even for a Wall Street prima donna. Blankfein's firm, the very exemplar of the too-big-to-fail model, received a many-multibillion dollar bailout from the federal government last year as the Obama administration struggled to save the economy from a 19...

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