Those poor, loathsome Wall Street bankers. They’ve finally figured out that we all hate them. Of course, they don’t care what we peons think. But they definitely feel left out in the cold by their former friends in Washington, DC. Recent reports from Politico Magazine and Bloomberg Business Week suggest that the fat cats on Wall Street feel neglected by their former friends in Congress and in the White House. It never seems to occur to any of these puissant plutocrats that snuggling up with Wall Street bankers won’t play well with voters in 2014.
A Wall Street hedge fund
vampire manager even told the Ben White and Maggie Haberman from Politico Magazine:
Like the rest of America, Wall Street is looking at Washington and saying whether we agree or disagree, they’re looking at both parties with complete revulsion.
Brendan Greely from Bloomberg Business Week wryly adds:
This puts the executives in a strange and awkward position: They don’t know who to give their money to.
What the hell does Wall Street have to complain about?
The horror! The horror! These Wall Street bankers don’t know what to do with all the piles of non-job-making cash they’re hoarding! Greely can’t even put his finger on the source of Wall Street’s malaise. After all, they’ve got pretty much all the power and all the money.
The article [from Politico Magazine] doesn’t name specific policy grievances the bankers have. It’s possible that’s because they don’t really have that much to complain about.
Greely snarks that most of the grumbling from the Politico piece boils down to these spoiled Wall Street bankers wanting more “respect.” After years of getting what they want all the time, they’re finding out that sometimes their paid shills in DC actually have to answer to real, live voters like us. And they don’t like it.
Their complaints come down to respect. They don’t feel they’re getting it, in the pre-2008 sense that they get every meeting and everything they want. The article inadvertently builds a powerful case that Wall Street has spent the last five years realizing there are people other than donors whom elected officials answer to, and these people have some power, too.
Will Wall Street turn to Hillary Clinton?
Not that these Wall Street fat cats plan on really doing anything to make us like them better … like playing fair, staying away from white collar crime, and paying themselves less. Politico Magazine reports that they’re so sick of both the White House and the GOP that Wall Street’s big wigs are turning to an unlikely source of solace: Hillary Clinton. They even paid her to speak at a recent event hosted by the folks at Goldman and Sachs — one of the most rapacious Wall Street firms of them all.
This video from George Carlin might explain why we all hate Wall Street.
The famous comedian George Carlin died in 2008, just as the housing market and the US economy were crashing. But this video shows he was way ahead of us on how Wall Street and the big banks work, and why we all should hate them.
“Forget about choice. You have owners. They own you. They own everything [...] They got you by the balls. They spend billions of dollars every year lobbying to get what they want. Well we know what they want. They want more for themselves, and less for everybody else.
You know what they want? They want obedient workers. People who are just smart enough to run the machines and do the paperwork, but just dumb enough to passively accept all these increasingly sh*tty jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime, and the vanishing pensions that disappear the minute you go to collect it. And now, they’re coming for your social security money.”
Here’s the video with George Carlin’s oddly prescient rant against Wall Street bankers in its full glory.