Showing posts with label Jim Kunstler. Show all posts
Showing posts with label Jim Kunstler. Show all posts

Thursday, March 12, 2009

A Nice Turn of a Phrase

"Ultimately, that might lead to Mr. Lewis becoming the wife of a bodybuilder in one of New York State's houses of correction -- a just outcome that would go far in rejiggering the nation's expectations about how people in authority ought to behave. And such an outcome might lead to the conviction of many other brides-to-be from the Wall Street debutante pool."

Mr Lewis is the head of Bank of America and refused to answer the New York Attorney General's questions about paying out bonuses after the government bailout.
I like the sound and sight of those two lines from Clusterfuck Nation. In his latest post Jim Kunstler is saying that we need to stop trying to bail out the banks and instead have some accountability by prosecuting those that caused the financial mess.