The Daily Star
Your Right To KnowSunday, March 18, 2012
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Ted Rudow III, MA, Encina Ave, Palo Alto, CA
Whether Wall Street was corrupted by greed and excess--more than three years after the financial crisis, the perception that little has changed on Wall Street -- and that no one has been held accountable for the risk-taking that led to the crisis -- looms large in the public consciousness.
So, little by little, the sceptics are won over to invest their funds, to take a chance on making more money, for the rebounds are relatively quick. And there is a rebound, for there are still people to be convinced that things will keep going up -- indeed, must keep going up. They too must be won over and convinced to overextend themselves little by little. It is a gradual process of boom, then downturn, then bigger boom, then another downturn. The downturn will become a recession, the recession will become a depression, and the depression will become the Crash.