Let’s see: 65,000 jobs — at least — were lost this week, as one company after another announced impending layoffs. The recession is deepening. Banks have lost billions — with the end to the losses nowhere in sight. Government is throwing the kitchen sink at the economy, trying desperately to revive it. And Wall Street has handed out $18.4 billion in bonuses, the sixth-largest total ever. What’s wrong with this picture?
Joe Nocera, business columnist wrote the above on his NYT blog. Of course, anyone can see what's wrong. But you see, the denizens of Wall Street have never seen things the way a normal person does, because they are basically amoral when it comes to money. They'll take it anyway they can.
But in this case, it's not that they were oblivious to the appearance of it all. I think they knew that this would be the last chance they would have in a long time to raid the cookie jar. Because the cookie jar is being put away under lock and key.
I say let's make these thieves give the money back. It's our money, not theirs.