Tuesday, February 23, 2010

Wall Street Bonuses

It is being widely reported today that Wall Street bonuses increased by 17% in 2009. I mention this only to underscore that this is the fundamental problem of bailout activity of any sort: it supports the wealthy at a cost to everyday Americans. Sure, is it posed as benefitting the poor or the greater good or some nonsense like that, but it never works that way, never has, never will. Hopefully one day more people will look upon such claims with suspicion.

Personally, I think deep down they know the party is over and are cashing in on what is left.

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