High Noon


Richard Eskow's picture

High Noon On Wall Street

The bankers are endangering innocent people, their pals are roughing up the law, and the people who should be helping out are sitting on the sidelines doing nothing You can almost hear Tex Ritter singing "Do Not Forsake Me Oh My Darlin'," the theme song from High Noon.

You remember High Noon. That's the movie where Gary Cooper plays Will Kane, a retired gunslinger who can't find anybody to help him defend the town from a dangerous gang. In fact, the townspeople give him almost as much trouble as the gang does.

The financial system has its own sheriffs, and bankers behaved like an unruly mob with one of them this week. Meanwhile Democrats were characteristically diffident and Republicans formed a stone-throwing mob of their own.

Red Lights Everywhere

The lawmen - both women, in this case - were being baited, taunted, and thwarted at a time when the economy's dashboard is flashing red with warning signs. A lot of people think Wall Street banks are healthy again because it's making a lot of money. But they were making lots of money right before the last crash, too.

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