I can understand Wall Street's purpose if it's a mechanism to supply capital to new and existing companies. With its vast funds it can lubricate the gears of the national economic machine. But Wall Street can also be a parasite on the economy.. sucking out its lifeblood when it gets control of commodity markets like food, oil and gasoline.
My question is what should Obama have done back in January 09? Should he have then broken the political power of these banks? Was it too late to nationalize them and break them up because TARP was passed 4 months before?
I just see this as such a lost opportunity to put these banks back in the cage to where Wall Street became just a boring money utility instead of an economic parasite that can bring the economy down.