Wall Street Civil War

There's a tendency, in the endless discussions about the economic crisis, to think of the entire financial industry as a single, ultra-powerful actor. Big commercial banks, nimble hedge funds, even the odd insurance company all get lumped together under the heading "Wall Street," with its sinister, Death-Star connotations. In a recent story about relations between the financial world and Obamaland, no less a populist organ than The Wall Street Journal offered up such a conflation, noting that the administration, "after months of criticizing Wall Street, has been scrambling to woo top bankers and financiers to back its latest bailout plan."

Wall Street Civil War