All of the sturm and drang emanating from D.C. these days regarding “Fat Cat Bankers” has proven great camouflage for at least two realities: that Congress is as guilty as any other party for inflating the housing bubble and that those same Fat Cats support burgeoning micro-economies wherever they congregate as they tend to spend a good portion of their compensation on goods and services in the local community. It might be a fancy watch from Switzerland or a brand new car from Europe but they’re buying it down the block.

Wall St., figuratively, distributed itself away from the curb of that street, literally, and Broad St. a good while ago and is now a globally interconnected network of various geographic centers and is also dispersed more evenly within those centers.