steve's barking at bad wall street is badder?

The present Wall Street is badder then the Wall Street of 1900?
What the heck does that mean?
In the 1900's the banks didn't need no stinkin regulations after all they regulated themselves.
They did away with bucket shops, while the present day Wall Street complains that the government wants to regulate buck shops. Those are the places that sell naked derivatives, what ever the hel* those things are. They understood that risk and sometimes corruption that goes with it bad for business. The present day Wall Street-er seem to like to shrug their shoulders and like Alfred E Newman say what me worry.
The most famous of the Wall Street evil men JP as in Morgan wrote a check to save the banking system after the collapse I believe in the panic of '98 or was it '93, anyway can you see that happening in the Wall Street of today?  ( It may be the reason JP died died with millions only in double figures).
Now the Federal Reserve was started so that one person or even several individuals wouldn't have the burden nor the power to fix and or regulate the banking industry.   


* It was the panic of "07 were JP interceded with the help of the federal treasury.
It is believed that JP supported the deal to have the federal Reserve.
It was reported that old JP had a net worth of 65 Million. I've also read that it was 80 million.
Rockefeller's comment on the time of his death was and to think he wasn't even a rich man
Was JP a nice guy?, Probably not. Evil? possibly. Worse then what we have today? I don't think so.

The reason I was writing this particular blog was to show that the present day bankers can't compare to the 1900's. That the leadership was more responsible, unfortunately I didn't really prove my case.