Quote of the Day: Banking Should be Dull

If bankers want to lead the exciting hedge-fund life, earning hedge-fund-like profits and bonuses, let them go work for a hedge fund.

According to Steven Pearlstein, bankers should appreciate the role that they play in the scheme of capitalism, which entails being part of a boring institution that effectively manages risk.  If on the other hand, bankers want to engage in casino-capitalism then they should not expect "we the people" to subsidize their misadventures and underwrite their losses.  Someone should explain this to Tim Geithner and Mr. Obama, because at this point they are almost certain to be looking down the barrel of another recession by the end of this year.