Ten Percent of Wall Street Bank Workers are Psychopaths

Ten percent of people working for Wall Street Banks are psychopaths.  On average, only one in a hundred people are psychopaths.  The psychopaths working on Wall Street do not mind taking on a lot of risk in their lives.  They are normally outgoing, charming, and smart.  These traits allow them to hide their destructive habits when they present themseves as the perfect employee at any of these banks.  When they take on huge risks, they will do everything they can to make their bets pay off, including those made with other people's money.  This includes taking on huge amount debt, embezzlement, and fraud.  They justify trying to redefine the rules, so that they can engage in behaviors that normal people would consider corruption.

http://www.huffingtonpost.com/2012/02/28/wall-street-psychopaths_n_1307168.html

GOP Presidential Candidates Attack Romney's Greed (for 1/10/12)

Independents, Democrats, liberals, and anybody else who does not have a right-wing viewpoint regularly attack Mitt Romney for cutting jobs to make massive profits for himself. In the GOP debates however, his rival contenders have gone after him and broke ranks with current GOP economic thought. Romney started Bain Capital, a prviate equity firm, in 1984 and was its first CEO. Of 77 companies Bain invested in over 15 years, 22% of them went bankrupt as Bain bought them, ran up lots of debt, sold them off, and laid off thousands of workers. Jon Huntsman said, "he likes firng people." Newt Gingrich and Rick Perry both believe Romney raided businesses, destroying jobs to enrich his investors. But, he remains the leading GOP Presidential Candidate to win the nomination. Which suggests that most GOP voters do not have a problem with all of the jobs going overseas and dismiss it has a harsh reality of the mythical free market capitalism that they believe in. Which also suggests that they do not believe that Romney's tactics as a corporate raider do not harm the economy, despite evidence to the contrary. http://thinkprogress.org/politics/2012/01/09/400769/republican-pile-on-bain-capital/ http://thinkprogress.org/economy/2012/01/09/400404/romney-bain-bankrupts-billions/

Austerity Plans Solve Nothing; May Cause European Depression (for 1/4/12)

If European nations come together this year with an austerity plan that would sharply curtail government spending for all member nations of the European Union, it may cause a depression in Europe. Prior to the economic crisis, Spain had low debt relative to its economic size. During this time, Greece was the only European nation not within the 3-4% target rates for deficits. Government stimulus and bailouts drove up deficits since then. Poor investments have caused Europe's problems. Italy and Greece did not invest in research and development. No central bank in Europe has acted as the European Union's emergency lender. Therefore, bond market speculators are gambling on their ability to pay their loans. Great Britain has grown slowly, but speculators have not yet gone after this nation as it will always pay off its debts, thanks to the Bank of England. http://www.alternet.org/economy/153656/austerity_plans_are_based_on_the_wrong_diagnosis_of_the_wrong_problem_--_and_may_plunge_europe_into_depression