Commentary on economic crisis: “Capitalist Pigs”
Yes, I haven’t heard, much less said “capitalist pig” for more than 30 years. But I couldn’t help thinking it when I heard that Goldman Sachs, Morgan Stanley and Merrill Lynch (three former Wall Street investment banks; Merrill Lynch has been taken over by Bank of America) are planning to pay $20 billion in bonuses. To make matters worse, Goldman Sachs and Morgan Stanley are receiving $10 billion each in bank bailout money, while Bank of America will receive $25 billion.