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Wednesday, February 24, 2010

Sometimes the "D" Just Stands for "Dick"

Just like the one Joe Liebermann used to sport before he dropped the "D" to "I," leaving nothing but "Ick."
Bloomberg
Feb. 24 (Bloomberg) -- Goldman Sachs Group Inc., the most profitable securities firm in Wall Street history, is unpopular because some people envy its performance, said Jon Corzine, the company’s former chairman and chief executive officer.

“When you’re successful it brings envy,” Corzine, 63, said today in a Bloomberg Television interview. “People are broadly frustrated with the financial institutions, and since it is the leader of the industry and has shown great success over a long period of time, I think it’s more vulnerable.”

So, Jon Corzine, "D," thinks the mob is envious of the awesome success of the financial fraudsters.

He must be spending his time out to pasture reading Atlas Shrugged.

Yeah, Jon, envy is exactly the right word for what we all feel for the thief, the bully, the rapist, the smug trust fund baby. The filthy lucre you wallow in has really given you some superior insight, there.

And, no, it doesn't make things better that Corzine goes on to say that Wall Street employees “need to be a little more humble in the overall scheme of public society… [since p]eople are very frustrated, angry about the compensation issues, particularly in the context of what people perceive as bailouts of each and every one of the folks that participated.”

This makes what he is saying far worse.

First of all, the "bailouts" are not "perceived," but real, and the fact that that's what they were -- namely, "bailouts," vast siphonings of public dough to those who have been rolling in the stuff for years -- is also not "perception" but "reality."

And Wall Street executives -- executives, mind you, not some generalized cohort of "employees" including put-upon Wall Street PAs and janitorial staff -- indeed do "need to be… humble," as every person who succeeds at anything needs to retain a real measure of humility: else, they make the too easy mistake of confusing their own good fortune to live in a society that facilitates extraordinary accomplishments with the fantasy that the Universe has stamped them with its approval of their right to rule.

This is especially the case for Wall Street executives, of all people, given that their fortunes almost inevitably derive from speculative finance, that most worrisome portion of economic activity, so given to excess and abuse even when it is sternly regulated -- as it is not at present nor has been for generations (with the direct and perfectly predicted, and also predicted, consequence that it had to be bailed out at all).

And by "be humble" I for one do in fact mean "be," not "act," which is clearly what Corzine meant.

No, Jon Corzine, "Dick," the dumb mob does not need to "perceive" superficial performances of humility on the part of the self-congratulatory financial fraudsters who we "perceive" were bailed out with our money after they already spent a generation looting the middle class and the promise of countless others to enter the middle class in the first place.

The reality, Jon Corzine, "Dick," is that Wall Street schemed and Wall Street stole. The reality is that Wall Street is thronged with greedy self-important palpably idiotic assholes who still think they are God's gift to the world even after they turned the world to shit.

Shall I tell you more clearly about our "perceptions" of you at hearing your defenses of Wall Street's Best and Brightest "talent"?

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