24.3.09

.The Big Takeover.

.not that you need another article on the financial crisis, but this is a good one.

The Big Takeover
by Matt Taibbi
(excerpt from the article)

The most galling thing about this financial crisis is that so many Wall Street types think they actually deserve not only their huge bonuses and lavish lifestyles but the awesome political power their own mistakes have left them in possession of. When challenged, they talk about how hard they work, the 90-hour weeks, the stress, the failed marriages, the hemorrhoids and gallstones they all get before they hit 40.

"But wait a minute," you say to them. "No one ever asked you to stay up all night eight days a week trying to get filthy rich shorting what's left of the American auto industry or selling $600 billion in toxic, irredeemable mortgages to ex-strippers on work release and Taco Bell clerks. Actually, come to think of it, why are we even giving taxpayer money to you people? Why are we not throwing your ass in jail instead?"

.Full Text available here: http://www.rollingstone.com/politics/story/26793903/the_big_takeover

7 comments:

candi said...

I agree 110% with you. Great post, Milly.

PS It's Candi of Dolce Chic....I moved to typepad. Hope you'll visit me there! :)

lettuce said...

its beyond unbelievable isn't it? same over here. Same all over I guess...


thanks for your comment - i'm glad you like the photo! Yes, you can buy a print! if you're still interested, email me at as11 at gre dot ac dot uk

:-)

ArtSparker said...

I just can't help but feel it's the system...the contracts were written this way, partly,one suspects, in anticipation of what would happen. The system should be examined and judiciously changed where regulation and oversight would add governors...being outraged at inidividuals will not in the long run accomplish change. The public attention paid to this one instance potentially has good net results. But you know I have a slightly different take on this.

Blondie said...

Its just disturbing.

That Girl Designs said...

too true! great article.

flawsnall said...

so enlightening so true!

the other truth...this guys will never be held accountable...that's just the way it is...

candi said...

I miss your blog! :( Hope you're doing well. Candi