Legality, Morality, Constitutionality and Economic Efficiency

The financial catastrophe of 2008 has been characterized (by the Federal Reserve) as worse than Depression. The catastrophe unfolded with panics and runs on $3.5 trillion in uninsured money market and $7.8 trillion in uninsured bank debt and caused losses of trillions of dollars of wealth and employment Main Street.

Media punditry and political commentary have attributed the most catastrophic economic turmoil American history to 'immoral' (or unethical) shenanigans of a greedy Wall Street. The shenanigans benefit a few by causing massive loss of wealth and employment to the multitude in Main Street obviously immoral.

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