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Summaries and Short Reviews

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New York Times

Newspaper Abstract by: Streetpine    


Has Wall Street lost its taste for shared sacrifice and service? Why do the gurus on wall street not apply for the job openings
at the US Treasury or other administrative post? Who else would know how to unwind and navigate this financial meltdown better than experienced wall street insiders that constructed the scheme? Does wall street know something about the global economy that discourages them from putting some more skin in the game.
The conventional track to a lucrative lobbyist occupation is to have worked inside the federal government. These positions give one access to congress which creates a relationship that pays off upon departure. Maybe wall street does not like the fact that congress threw them under the bus by not protecting their bonuses. Also their hesitance could be their inability to lobby congress for two years. By that time the seats in congress might have changed. Also there seems to be a reoccurring problem with the one, five or ten percent that pay the majority of US income taxes. The vetting process continues to expose an unpatriotic practice of not paying taxes. Ask not what the taxpayers can do for Wall Street. Ask what Wall Street can do for itself.
Published: March 27, 2009
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