Former treasury secretary, Tim Geithner revealed in his book, “Stress Test” that former president, Clinton described populist sentiment after the 2008 financial crisis as “blood lust.”
There certainly isn’t anything subtle about paying people a king’s ransom for a job well done wrecking the economy.
Consider what, exactly, is being tested under stress.
Once again we are left with the measurable inexistence of a counterfactual (fornever-now) identity.
What, exactly, would have happened if the financial system had not been bailed out so that its managers and silent beneficiaries did not profit like kings nobles and lords at the expense of the people at no risk?
There is a meta-conscious aspect to this–what the Germans, for example, being very exact thinkers, describe as zeitgeist.
Ivy Leaguers tend to see the world the same aristocratic way. Hillary Clinton said it doesn’t do much good to prosecute bankers. They wreck things and profit from it because, well you know, if we don’t let them do whatever they want then nothing gets done. It’s counter-productive. (Yes, with that attitude, she could be a character in an Ayn Rand novel; and she is to the left, right?)
A counter-factual existence is never now. It is a probable existence–a meta-thought process that assesses risk into the future, like Hobbes did, for example, assessing the probable risk of what the king thought was his right to profit at no risk; and boy was he wrong, right?
No surprise that the Ivy League assessment of probable populist sentiment is insatiable blood lust. The mob must be ruled (preferably on demand in the futures) or we all suffer the consequences of uncontained risk, right?
In a God-like way, we can think about what we are thinking, and we can think about that. With all that thinking, you would think we can come up with something better than to describe the probable objective of deterring profit from mass detriment as the lust for blood.
No, the stress to be tested then was to distribute the profit, and reduce debt to equity (not increase it), just as it is NOW!