Bankers beware, this recession could get political

Updated

A little dose of advice and enlightenment from a good friend and colleague in Paris, to the economic conservatives: Quit while you're behind. Quit now.

My friend, who was born in and lived most of his adult life in France before moving to the US with his family to establish dual residency, once observed that, "Americans are very happy, so long as they have their homes. No complaints. No street protests. No strikes shutting down society. So much efficiency. It is really quite remarkable, you know?" he said. "Definitely not like France." With that in mind, one can sense why this financial crisis and recession may lead to a larger and more pointed public response in the US.

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