Sunday, January 23, 2011

A System Of Financial Socialism By And For Elites

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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?
at 7:08 AM
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1 comment:

  1. UnknownJanuary 23, 2011 at 7:29 AM

    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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