Message to "Morning Joe's" Wall Street Bunch, "Stop Whining and Start Working!"

If you want to know what is going to save our banks? The answer is (Blood) in the form of equity and cash liquidity. Do you know what entity is the single entity responsible for creating equity and cash liquidity in our economic system, (Wall Street). Instead of "Wall Street" perpetrating the ruse that the Government via the Federal Treasury is responsible for creating the (Blood) that fuels or economy, "Wall Street" needs to own up to its entire responsibility for generating that life sustaining (Blood) in which every capitalistic system needs to operate. The bleeding of our economic body needs to be stopped and the only way to stop it is by the correct application of new regulations to "Wall Street", we did it then as a remedy to "The Great Depression", and there is most certainly and definitively no reason that it isn't needed now. No one would argue that a direct cause of this current crisis is the recent deregulation of measures largely implemented in "The Great Depression" which protected "Wall Street" from itself, not "Big Government" as "Wall Street" would have you believe. The Government saved "Wall Street" from itself by using the governments’ ability to legislate laws that regulate and limit but not stop Wall Streets' greatest original sin which is, "Unregulated, Unchecked, Greed." The Treasury’s role in this crisis can be likened to that of life sustaining blood transfusions in a surgery, that replaces the amount of blood lost and supplies the blood needed to keep the body economic operating but all the blood transfusions in the world won’t help if the (heart) represented by the economy itself refuses to pump. Instead of Wall Street refusing to make blood by desperately clinging to the failed economic models of the past; they should be creating and investing in the new economy, and building the new economic models that we need now and will need in the future. Wall Street instead of waiting for and whining about the Federal Treasury transfusions of blood that are designed to address other economic ailments/issues within the body they should be fulfilling their function in the body by making it there only priority to create as much life sustaining blood as possible for now and in the future in the only way it can by generating the blood that we are going to need to fuel "The New Green Economy"!

Note: Although Dylan Ratigan is wrong in his professional and philosophical bent toward "Wall Street" he is absolutely correct when on the broadcast of "Morning Joe," this morning he expressed his sentiments concerning the fact that too many of those that created or facilitated the growth of the financial crisis on the "Washington" side (in the House and Senate) are still there and those that caused, or knowingly allowed the problem to continue are the principle reason if not the only reason that no one is being held accountable for the results of these economically destructive actions, and furthermore these people are also the reason that meaningful change of our current system isn't being accomplished. How and why we got in this financial crisis will be the subject of a future blog.