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Why so hard on the Rust Belt, and so easy on Wall Street? – How the World Works – Salon.com

March 30, 2009

Why so hard on the Rust Belt, and so easy on Wall Street? – How the World Works – Salon.com.

Why is there one standard for Rust Belt workers and another for Wall Street investment bankers?

a critic such as former IMF chief economist Simon Johnson would argue that the reason for the apparent double standard is that Wall Street’s desires determine White House policymaking.

analysts who are willing to argue that the administration’s approach to the banking sector could actually be preparation for the ultimate endgame of nationalization or government-expedited bankruptcy restructuring, rather than the free pass to the banks it currently appears to be.

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