The best argument I’ve seen yet against Wall Street – and in a Conservative magazine no less – concludes:
They are the repo men, headpiece filled with subprime-mortgage derivatives, and they are looking to repossess the Republican party they abandoned in 2008 (see “Losing Gordon Gekko,” National Review, March 9, 2009). Free-market, limited-government conservatives should be none too eager to welcome them back, nor should we let our natural sympathy with the profit motive blind us to the fact that a great many of them do not belong in the conservative movement, and that more than a few of them belong in prison.
Privatizing gains and socializing losses is not fiscal conservatism. Upholding a hereditary noble class that manipulates the political system to support its own tenure is not democracy.