A recent article by New York Magazine’s Gabriel Sherman, entitled, “The End of Wall Street as They Knew It” opines that “public anger and new regulations” signify the beginning of the end of opulent Wall Street compensation. Yet the CEOs of the major financial institutions say that the problem is actually the European economy.

Check out Matt Taibbi’s risible “Why Wall Street Should Stop Whining” where he destroys the myths laid out in Sherman’s article.

Here’s a thoughtful Thanksgiving rhyme from a colleague at Better Markets:

This year as we approach Thanksgiving,
Let’s think about how banks make livings,

And as we dab at gravy stains,
Take pause at all ill-gotten gains;

For quite against the festive mood,
The banks are bidding up our food,

And through excessive speculation
Are placing ransoms on our nation;

For only some few years ago,
Commodities were fairly stable,

But [Read More...]