Tuesday, February 3, 2009


Today's NYT reports:

Wall Street has become a target of populist rage, raw material for talk-show tirades, the occasional street protest and a lot of punch lines. A recent political cartoon in The Record, a newspaper in Hackensack, N.J., shows rats fleeing a sinking ship, labeled “Wall Street,” with treasure chests held aloft tagged “CEO” and “Bonus.” There are “I Hate Investment Banking” T-shirts for sale online. Last week on “The Daily Show,” Jon Stewart rolled a clip of John A. Thain, Merrill Lynch’s chief executive, defending bonuses as a way to keep “your best people.”
“You don’t have ‘best people’!” Mr. Stewart shouted. “You lost $27 billion! Do you live in Bizarro World?”

They deserve it. This is how shame is supposed to work.

No comments:

Post a Comment