What A Destructive Wall Street Owes Young Americans

Wall Street's big banks and their financial networks that collapsed the U.S. economy in 2008-2009 were saved with huge bailouts by the taxpayers, but these Wall Street gamblers are still paid huge money, and are again creeping toward reckless misbehavior. Their corporate crime wave strip-mined the economy for young workers, threw them on the unemployment rolls and helped make possible a low-wage economy that is draining away their ability to afford basic housing, goods and services. Meanwhile, Wall Street is declaring huge bonuses for their executive plutocrats, none of whom have been prosecuted and sent to jail for these systemic devastations of other peoples' money, the looting of pensions and destruction of jobs.

Just what did they do? Peter Eavis of the New York Times provided a partial summary:

Money laundering, market rigging, tax dodging, selling faulty financial products, trampling homeowner rights and rampant risk-taking -- these are some of the sins that big banks have committed in recent years.

Mr. Eavis then reported that "regulators are starting to ask: Is there something rotten in bank culture?"