Friday, December 30, 2011

Wall Street Insider Repents

The Big Lie

Wall Street has destroyed the wonder that was America.

Michael M. Thomas, Partner, Lehman Brothers

"This Is Why They Hate You And Want You To Die" by Josh Brown, another Wall Street insider.     Excerpt: You pay fired executives more in severance than the average American worker will earn in a lifetime.  For most people on the outside looking in, this seems like it's from outer space, another world entirely.  These numbers just do not exist to regular human beings, they cannot be fathomed.  The ordinary American is not a class warrior or a woe-is-me whiner coveting the rewards of others - the ordinary American simply believes that extraordinary rewards should go to those who do extraordinary things, not to paper-pushing failures at parasite banks. So let me give you a hint that will save you countless hours and millions of dollars spent on consultants and the public relations morons you keep on staff:  This is why they hate you.  This very type of thing, while just a single example, epitomizes the piggish mentality that has set you apart from everyone else.  This is why they're marching against you and calling for boycotts and writing their politicians.  And this is why your whole model and way of life is on its way to being dead.  Forever.”  


Josh Brown’s October 15 interview with “Marketplace” 

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