Inside the Bacchanalian Wall Street Fraternity Party of Billionaire Bankers and Hedge Fund Predators
A week or so ago, we read in The New York Times about what in the Gilded Age of the Roman Empire was known as a bacchanal – a big blowout at
which the imperial swells got together and whooped it up.
This one occurred here in Manhattan at the annual black-tie dinner and induction ceremony for Kappa Beta Phi. That’s the very exclusive Wall Street
fraternity of billionaire bankers, and private equity and hedge fund predators.
People like Wilbur Ross, the vulture capitalist; Robert Benmosche, the CEO of AIG, the insurance giant that received tens of billions in
bailout money; and Alan “Ace” Greenberg, former chairman of Bear Stearns, the failed investment bank bought by JPMorgan Chase.
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Nice to see the recession/depression and tax-payer bailouts haven't prevented Modern America's latest version of the robber barons from partying
like it was 1989. The great
wealth extraction of the United States
continues unabated as, the 99% have been taken to the cleaners by the 1% and they mock us while fleecing us.
This year, the butt of many a joke were the protesters of Occupy Wall Street. In one of the sketches, the bond specialist James Lebenthal scolded
a demonstrator with a face tattoo, “Go home, wash that off your face and get back to work.” And in another, a member — dressed like a protester
– was told, “You’re pathetic, you liberal. You need a bath!”
So a protest against the banks earns those protesters the label "filthy liberal" - guess it's no wonder the banksters through their superPACs pour
a ton of money into the GOP, to ensure this gilded age never ends.
So sayeth the winners in our winner-take all economy. The very guys who were celebrating at the St. Regis because they were too big to fail. Even
when they fell flat on their faces, the government was there to dust them off, bail them out and send them back to fight the class war with nary a
harsh word or punishment. Talk about a nanny welfare state.
The same group tells the Times it views the Occupy movement as a
"ragtag group looking for sex, drugs, and rock ’n’ roll.” - now where
in the media have we seen that portrayal repeated ad naseum? Perhaps on a certain bought-and-paid for faux news network...?
This is the base demographic of your power elite people, this is who is controlling your opinions and your political choices. These elites party while
the sheeple bleet on how they deserve more tax breaks. If the elites think their losing their grip on the flock, they'll just roll out another
media-crisis over abortion or terrorism to scare their sheep back into line.
