20 Apr '12, 3pm

Wall Street’s Elite Do Know How Much Damage They’ve Done

Wall Street’s Elite Do Know How Much Damage They’ve Done

Do Wall Street executives know the extent of the damage they have wrought on everyday Americans? The answer, shockingly, is yes. That’s per an extremely important article from journalist Timothy Noah titled Brooks Brothers Bolshevism , published in The New Republic last year. Yes, it’s from 2011, but check it out. It’s a must-read. Why? Noah uncovers a little-known truth: Wall Street is aware of income inequality. “The upper classes of this country raped this country.” “We fed the monster until it blew up.” Those aren’t words from an Occupy Wall Street protestor, but Morgan Stanley money manager Steve Eisman, describing one of the more polite things that one could say on the eve of the 2008 sub-prime fiasco. Citigroup: U.S. Is A Plutonomy With 1 out of every 7 Americans now relying on food stamps, 25 million children homeless and 46.2 million Americans living below the off...

Full article: http://www.csrwire.com/blog/posts/377-wall-streets-elite-...

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Quality Street

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