Too little, too late

John Reed who helped to create Citigroup (by merging Citicorp and Travelers Group) said he is sorry and that it should be broken up.  Of course, I think he’s right that it should be broken up and I guess I’m glad that he has seen the error of his ways but it is a little late.  Hindsight, is indeed 20/20, now isn’t it?

Not only should Citigroup be broken up, but so should lots of other banks and institutions.  And I don’t care if these companies got government money or not, the government should put checks on how much the CEOs and other top managers can make.  No one needs to make tens or even hundreds of millions of dollars a year.  Especially when we have people who have no jobs, they are losing their homes and others are struggling to find enough to eat.  It makes me sick to think of the disparity that exists in this country, not to mention, the world.

And these guys are praised for being good entrepreneurs and innovators for making millions of dollars.  If there was any justice in this world, then people like John Reed would choke to death on their fucking caviar.

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2 Responses to “Too little, too late”

  1. I love the incensed vituperation of your last sentence: “If there was any justice in this world, then people like John Reed would choke to death on their fucking caviar.” The level of outrage is quite inspiring. Most people don’t care half as much about whatever their into as you do about politics.

    On this topic (inequity of wealth): Can you maybe post a definition of socialism (or a few links to some definitions). I had a student in class ask what a socialist was because the word was used as an example of something in a textbook that I’m using for English 1A.

    On a side note: the English teacher in me wants to note that it should read, “If there were any justice in the world . . .”

  2. Good call, English teacher! And yes, I can certainly write something about socialism.

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