Wednesday, February 24, 2010

Read Wall Street's Bailout Hustle

I digress from my usual fare of CA travel to alert you to a 'must read' article in the current Rolling Stone that uncorks the stink behind certain Wall Street institutions and practices that are still going on, despite our troubled economy. According to Matt Taibbi in "Wall Street's Bailout Hustle: Goldman Sachs and other big banks aren't just pocketing the trillions we gave them to rescue the economy - they're re-creating the conditions for another crash." I urge you to read the entire tome.
Go to

My take on the situation: despite causing the crash (in large part), these geniuses are still taking huge bonuses (out of our bailout money) and cooking up new schemes to put our fragile economy at risk. Wall Street's arrogance has the makings of the 'let 'em eat cake' attitude that spurs revolutions.

These high-finance hotshots aren't ballsy, they're greedy and clueless. Wall Street is Marie Antoinette. And we know what happened to her (hint: she didn't have to worry about her hairstyle after the French Revolution).

1 comment:

ClaireWalter said...

Thanks (I think) for pointing to this piece. Jack Cafferty hosted a CNN special on Sunday about our "broken" government fueled by greed, nasty partisanship, self-interest, hastily made promises by candidates and broken promises once those same candidates have been elected. The corollary appears to be Wall Street greed and shamelessness.

COPYRIGHT Lora Finnegan 2008-2009

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