(Comment by SB: Keep in mind that in the midst of everything else going on, this “economy” is held together with bailing wire and string…)

“In the [60 Minutes] interview, Kroft asks [Michael] Lewis: ‘What’s the headline here?’  Lewis responds: ‘Stock market’s rigged.  The United States stock market, the most iconic market in global capitalism is rigged.’

Kroft then asks Lewis to state just who it is that’s rigging the market.  Lewis responds that it’s a ‘combination of these stock exchanges, the big Wall Street banks and high-frequency traders.’

It’s just shy of eight years since Lewis wrote the definitive book on the corrupted structure of Wall Street, and yet, Congress has taken no meaningful action to reform it.

Congress has taken zero meaningful actions to reform Wall Street since it brought the U.S. to its economic knees in 2008 because much of Congress is receiving large chunks of campaign dough from Wall Street and its outside lawyers, as well as from hedge funds that drop $10 million to a Super Pac as casually as paying for lunch at Milos.

The failure of America to reform its campaign financing structure has corrupted Congress in its ability to reform Wall Street. In turn, the lack of reform of Wall Street has left the U.S. with a dangerous financial system…”

Wall Street On Parade, Fog of War Providing Smoke Screen for Dangerously Unreformed Wall Street