Tuesday, January 3, 2012

Why people are mad at the rich bankers

People love a success story. Look at the outpouring of grief and support for Steve Jobs' death. What makes people mad is when success is accomplished through cheating or unfairly. Look at how people go NUTS over something as dumb as steroids in sports. We Americans think we have this great idea of what fairness is, and when that fairness is violated, we really get upset. So that is why people on the right and left are really mad at bankers right now. They received bailouts and are now doing very, very well. But the bankers don't get it. Joshua M. Brown over at The Reformed Broker really nails it in this post.

No comments:

Post a Comment