Thursday, September 23, 2010

From Steven Pearlstein...

...in the Washington Post (my emphasis):

Then this week, Skybridge Capital's Anthony Scaramucci (above) showed up at a televised "town meeting" with the president, complaining that he and his hedge fund buddies were tired of being treated as political pinatas by the administration. It shows you how thoroughly disconnected Wall Street is from the rest of the country that Scaramucci actually thought he could elicit an apology from the president or some sympathy from the public. Obama quickly turned the tables on his former Harvard law school classmate, getting the biggest applause of the session when he noted that much of the public felt that he hadn't been tough enough on Wall Street.

For Obama, however, there is no pleasing Wall Street or the business community, no matter how many banks and insurance companies and car companies are rescued from the consequences of their lousy business judgments.

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