Even just six months ago, the sight of Republican and Democratic legislators standing united while raising the standard of class warfare against Wall Street might have come as something as a surprise, but I am a still a little dumbfounded by a snippet from Friday’s Wall Street Journal.
From: “Wall Street Shudders as Lawmakers Take Aim at Pay”:
Many bank officials were caught off-guard by the depth of public ire against Wall Street bonuses…
If bank officials are really that obtuse at this stage of the game, it explains an awful lot about how terrible they proved to be at risk management.
