Thursday, November 17, 2011

"In the pantheon of billionaires without shame..."


Update: Minutes ago, Reuters reported the Occupiers are swarming through the financial district.

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Robert Scheer, editor of Truthdig.com and author of “The Great American Stickup,” speaks out on NYC Mayor Michael Bloomberg's decision to repress the free speech rights of OWS:

In the pantheon of billionaires without shame, Michael Bloomberg, the Wall Street banker-turned-business-press-lord-turned-mayor, is now secure at the top. What is so offensive is that someone who abetted Wall Street greed, and benefited as much as anyone from it, has no compunction about ruthlessly repressing those who dare exercise their constitutional "right of the people peaceably to assemble, and to petition the Government for a redress of grievances" that he helped to create.

You would think that a former partner at the investment bank Solomon Brothers, which originated mortgage-backed securities, a man who then partnered with Merrill Lynch in the high-speed computerized trading that has led to so much financial manipulation, would have some sense of his own culpability. Or at least that someone whose Wall Street career left him with a net worth of $19.5 billion would grasp the deep irony of his being the instrument for smashing Occupy Wall Street, the internationally acknowledged symbol of opposition to corporate avarice.



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