This December marks the fifth anniversary of the beginning of the Great Recession, and most of the American public (including me) are still angry about why it happened.
Now, I'm not angry for selfish reasons. Except for the taxpayer-funded bailouts and the continued risk of economic collapse, the Great Recession didn't negatively-affect me financially. I profited from it.
In 2006, I saw what was coming, prepared myself accordingly and profited tremendously from the vast financial crimes that were perpetrated against the American public. Although I tried to warn everyone, I'm not angry simply because I personally lost everything like many others.
I'm angry about how it's affected American society as a whole.
What I'm still angry about is the fact that leaders in Wall Street, the banking industry, the real estate industry, and in collusion with some leaders in our own Government, successfully perpetrated the largest financial crime in American history - and got off Scot-free!
But, what makes me even more angry is that even after five long years, many of the same people are still running the show in Government, and that nothing has really been done to prevent these crimes from being perpetrated again. Enforcement is a joke.
So, with all that's transpired in the past five years, how can any rational person NOT be angry and to be cynical about the future of America? Who would trust such a corrupted system?
Personally, I don't see anything changing for the better until the corrupted are removed from office, the too-big-to-fail risks are addressed, the rules are fixed so they can't be "legally" exploited, and the top perpetrators of these crimes are held criminally-responsible. IMO, that's the only way to restore faith.
Like George Carlin cynically jokes about, perhaps we need to become creative in our enforcement.