The Big Short Fingered Vulgarian
In the film, Steve Carell’s character, I believe, has a short speech in which he talks about how the crash is really about the collapse of authoritative institutions in American society. You could not trust the banks. You could not trust politicians. And you still can’t, though you have to trust them to some extent, because you cannot live otherwise. Me, I see the sex abuse crisis in the Catholic Church as Catholicism’s version of Wall Street’s 2007-08 crash (and by the way, I am told that the recent indictments of Franciscan priests in Pennsylvania on charges related to sex abuse are just the beginning there).
.. If Trump were turning his big guns away from immigrants and onto Wall Street (and, by extension, on the big business lobby that wants to keep the immigrant flood rolling across the border), he would be a lot better off. People want an accounting. I don’t believe Trump will give it to us, but the inchoate desire is there.
.. The bigger thing is — I regarded this crisis at bottom as a problem of incentives. People behaved badly because they were incentivized to behave badly, and the incentives haven’t really changed that much.