Tuesday, April 21, 2009

Some of These Wall Street People Really Don't Get It

I don't really hate the uber-rich or anything. Their stupid golf get-ups and gold-digging girlfriends are more a source of humor than rage. But these people ate the proverbial government cheese in the form of billions in TARP money, and they deserve scrutiny in the public eye. I was a "public servant" once being paid by the taxpayers, and there is actually a code of ethics you're supposed to follow. I recall our JAG lecturing the command on the dangers of "fraud, waste, and abuse" because someone took a vehicle with government plates to the Mikky-Ds out in town. Yet, these bozos on Wall Street run up thousands of dollars for bottle service in SoHo with the company plastic, and no one gives a shit.

Check out this NYMag article "The Wail of the 1%" for an inside look at how the Masters of the Universe don't understand the position they are in. Here's a sample:
“No offense to Middle America, but if someone went to Columbia or Wharton, [even if] their company is a fumbling, mismanaged bank, why should they all of a sudden be paid the same as the guy down the block who delivers restaurant supplies for Sysco out of a huge, shiny truck?” e-mails an irate Citigroup executive to a colleague.
The progressive community has spent most of their time ridiculing the populist-themed tea parties and the GOP (supposedly the party of fiscal responsibility) has been suspiciously mum about the dangerous collusion between the banking and DC elite. It's so difficult to get a pitch-forked mob going these days.

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