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10/11/11(Tue)14:06 No.18863561 File1318356398.jpg-(37 KB, 398x268, 1316431627698.jpg)
What's
going on here? The answer, surely, is that Wall Street's Masters of the
Universe realize, deep down, how morally indefensible their position
is. They're not John Galt; they're not even Steve Jobs. They're people
who got rich by peddling complex financial schemes that, far from
delivering clear benefits to the American people, helped push us into a
crisis whose aftereffects continue to blight the lives of tens of
millions of their fellow citizens. Yet they have paid no price. Their
institutions were bailed out by taxpayers, with few strings attached.
They continue to benefit from explicit and implicit federal guarantees -
basically, they're still in a game of heads they win, tails taxpayers
lose. And they benefit from tax loopholes that in many cases have people
with multimillion-dollar incomes paying lower rates than middle-class
families. |