Bullish on Themselves

Here is one take on what Wall Street has done (or not done for) America over the last decade or two. I'm not sure how accurate it is, but I think I agree with it. Here's an excerpt:

"During the late, lamented Wall Street boom, America's leading investment institutions were plenty bullish on China's economy, on exotic financial devices built atop millions of bad loans, and, above all -- judging by the unprecedented amount of wealth they showered on the Street -- on themselves. The last thing our financial community was bullish on was America -- that is, the America where the vast majority of Americans live and work."