What if occupiers aped Wall Street?
By Brett Arends, MarketWatch
December 2, 2011
On Wall Street, you take every nickel and dime you can get your hands on. If it's not nailed down, it's yours. You take without conscience or shame. If you see a blind man selling pencils on the street, steal the pencils. Steal his pennies. Steal his dog. On Wall Street, you gamble. You gamble big. But you gamble with other people's money.
After all, it's not stealing if you get away with it. And because you -- or your cronies -- write the laws, you get away with everything.
You think I'm exaggerating. But reflect that the top 10 people at Bear Stearns and Lehman Brothers walked away with nearly $1 billion before those banks collapsed. A billion dollars. That money went to yachts and mansions and mink coats. The people who ran subprime firms like Countrywide Financial walked away with fortunes. Ditto all those mortgage brokers who got paid to sucker people into dangerous loans.
Do you think they're giving back a nickel or a dime? Do you think they are staying awake at nights? Lehman Brothers creditors lost their shirts. Little old ladies who had been sold Lehman Brothers "principal protection notes" as "safe" investments for their life savings lost everything. They're eating cat food, while the former honchos eat foie gras. Do you think those honchos could care less? And do you think they look at this economy as a "recession"?
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http://money.msn.com/how-to-invest/what-if-occupiers-aped-wall-street-marketwatch.aspx?page=0