Sunday, January 23, 2011

A System Of Financial Socialism By And For Elites

As bonus season arrives, the gap between the American people and Wall Street couldn't be wider. And where is Washington in this great divide? Don't ask.

At a moment when Americans desperately want jobs on Main Street and expect Wall Street to pay its fair share, Washington officials are hard at work -- seeking jobs for themselves on Wall Street. (Congratulations, Peter Orszag, on parlaying your position as Obama's OMB director into a top job at CitiGroup, the bank that received hundreds of billions in taxpayer bailouts and guarantees on your watch!)

Read more: Why Do People Who Work in Finance Earn So Much More Than the Rest of Us?

1 comment:

  1. Ahh, corporate welfare. If only Tea Partiers spent 1/100th of their energy on ending this instead of focusing on poor people getting food stamps.


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