It's as phony as it gets. This quote sums it up perfectly:
Hate (Wall) Street or not, the problems we face didn't begin there. They began in Washington D.C. It wasn't the Street that squandered the Social Security Trust Fund or decided that the economy would look better with a 15 trillion dollar deficit. The Street certainly played its role in suggesting to the politicians which side of the river to throw the money in, but it was at best a bagman. And the robbers are still off the Potomac, smirking their way through Senate sessions, and trading email notes with the organizations behind the populist protests.