Good point, Deozaan; we are playing the same game with future social payment promises. Aren't you glad that we didn't privatize it so that Wall Street could burn through that money in a couple of years!
I watched this FrontLine special today and it wasn't as good as the 'House of Cards' show on CNBC. They did more interviews with guys who were out in the field hocking loans to anyone (which the banks were competing with each other to buy and resell to the nearest chump with the help of the ratings agencies). The problem with watching a channel like CNBC is that they're all stuck in their sophomore year of college. They read Ayn Rand and thought she was brilliant and all gov. is bad. Hank Paulson and Greenspan both, proved Rand and Friedman wrong forever, and their only solution was to send the gov. in time after time, after every bank/investment house failure.
Greed may be part of human nature, but that's why we have to watch each other so that one is not robbing the other blind. Anyone who thinks otherwise, I'd like to introduce you to Bernie Madoff. He'll love you. (And Bernie has lots of friends doing the same scams.)