Wall Street Whiners

Nobel Prize winning columnist Paul Krugman has an excellent column in the New York Times blasting the "spoiled brats" in the Wall Street financial community. Despite receiving taxpayer bailouts and seeing the stock market bounce back from its crash in 2008, the banking buccaneers have had their widdle fweewings hurt by some mild criticism by the President, and some regulations that will likely save themselves from themselves in the future. Some key points from Krugman:

"Vast wealth isn’t enough; they want deference, too, and they’re doing their best to buy it. It has been amazing to read about erstwhile Democrats on Wall Street going all in for Mitt Romney, not because they believe that he has good policy ideas, but because they’re taking President Obama’s very mild criticism of financial excesses as a personal insult. {snip}

And it has been especially sad to see some Democratic politicians with ties to Wall Street, like Newark’s mayor, Cory Booker, dutifully rise to the defense of their friends’ surprisingly fragile egos. As I said at the beginning, in a way Wall Street’s self-centered, self-absorbed behavior has been kind of funny. But while this behavior may be funny, it is also deeply immoral."

It's very much worth reading his whole column. That the Wall Street "Masters of the Universe" would be so averse to any criticism -- much less calls for accountability and prosecution -- indicates that their arrogance and sense of entitlement continues to this day.