Why Washington (especially the media) hates Wall Street. A friend writes to ask if I've "gone native". Exquisitely attuned as I am to the effect that severe recessions have on advertising revenue, and the balance sheets of people who fund money-losing magazines--well, no, I certainly haven't. I'd rather let Wall Street off scott free than sacrifice my job to "teach them a lesson".
The US is particularly miserable at putting aside money for the future. Should we blame our paychecks or our psychology?