It doesn’t seem fair, does it? Just 15 years after our financial overlords went on a bailout binge, showering bankers with trillions of taxpayer dollars, they’re once again riding to the rescue of the rich while the public watches in horror. Did they learn none of the lessons from the 2008 meltdown?Actually, yes, they did.
Five years ago, after Hurricane Irma pummeled Florida’s Gulf Coast, I rode a boat through the canals of Cape Coral, the “Waterfront Wonderland,” America’s fastest-growing city at the time. It was a sunny day with a gentle breeze and just a few puffs of clouds, so as I pointed to the blown-out lanais and piles of storm debris, my guide, a snowbird named Brian Tattersall, kept teasing me for missing the point of a magical afternoon.