Crisis solved!

Nah, just kidding. In your dreams.

About two and a half weeks ago, some brave genius nicknamed Anonymous wrote the following as a comment to my post in which I said that I hope Obama’s efforts will fail:

I used to say the exact same thing when it came to the Bush Administration and the conservative congress. However, there is one big difference between our view ... mine has come to pass and has been proven correct and yours is just speculation.

Bad grammar, style and punctuation aside, let us now see what results the plans of Bush-haters — also known in zoological taxonomy as Homo liberalis — have given birth to. Wall Street is certainly looking happy:

Top bankers have been leaving Goldman Sachs, Morgan Stanley, Citigroup and others in rising numbers to join banks that do not face tighter regulation, including foreign banks, or start-up companies eager to build themselves into tomorrow’s financial powerhouses. Others are leaving because of culture clashes at merging companies, like Bank of America and Merrill Lynch, and still others are simply retiring early.

So, regulations are working out well then. Arbat comments: some of the bankers leaving these firms are actually the same ones who voted for Democrats who had promised to regulate these banks. I don’t know whether this is a comment on the character or intellect of Homo liberalis, so I won’t say much further.

But — you may ask — what do I care? I am not a banker. I am simple tax payer. Well, it may just absolutely shockingly turn out that “Exodus of Top Bankers [is] Bad News for the Taxpayer”:

The message couldn’t be clearer: no seasoned investment banker worth their salt wants to work for the government if they can help it. Unfortunately for the taxpayer, who now shares in the prosperity of Goldman Sachs and Bank of America via the recent bailout packages, the bankers who packed their bags and jumped ship last week are arguably some of the most seasoned professionals the industry has to offer.

[...]

The exodus suggests that there is far too much bureaucratic oversight going on at the big banks right now. Silly schemes such as 90 percent taxation for higher-paid employees at government-aided firms ought to be quickly put to rest. Otherwise banks will continue to lose the very employees they need to steer them through this crisis, and enable taxpayers to get a quick and handsome return on investment.

Instead, we’ll be left with a range of new privately-owned financial houses staffed with the best finance has to offer — which the taxpayer reaps no reward from.

So, the liberals buy the banks out with the taxpayers’ money and then regulate them to death, while the only people who can possibly steer the boat away from the shoals are leaving it as quickly as possible. And this is bad for taxpayers? I am absolutely flabbergasted. Nobody could have ever seen this coming.