Finance Industry Is a Grift. Start Treating It That Way | RealClearPolitics
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by Oren Cass, New York TimesFebruary 19, 2026
AI-Generated Deep Dive Summary
The finance industry has long been criticized for its opaque practices and excessive profits, often at the expense of ordinary Americans. As Wall Street continues to rake in record-breaking bonuses, questions about the true value these investment bankers contribute persist. This lucrative cycle not only highlights systemic issues within the financial sector but also underscores broader economic and social challenges. The article humorously references Mary Poppins to illustrate how the industry's narratives are spun, much like a whimsical tale that distracts from its questionable practices.
The piece delves into how Wall Street's influence extends beyond economics, shaping public perception through controlled media narratives. This manipulation fosters a sense of inevitability around financial policies and market dynamics, despite growing evidence of exploitation and inequality. The article argues that the finance industry thrives on creating an illusion of necessity, making it difficult for individuals to challenge its authority.
Politically, this dynamic is significant as public distrust in institutions grows. Voters are increasingly aware of how Wall Street exerts undue influence over policy decisions, often prioritizing corporate interests over public welfare. The article emphasizes the importance of recognizing these tactics and questioning the status quo, urging readers to view the finance industry's actions through a critical lens. By doing so, individuals can better understand the motivations behind economic policies and demand accountability from their leaders.
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Originally published on RealClearPolitics on 2/19/2026