Concentrating the Wealth, Pt. 2

Terrance Heath

A funny thing happened on the way to the bailout. A number of the members of the bucket brigade — that’s us, taxpayers — realized that for all the billions of dollars worth of bailing we’re doing, we still appear to be sinking. Our task seems to be keeping things afloat long enough for first class passengers to fill the lifeboats. And as the water rises, more of us are less content with apparent the "brokers and bankers first" rule.

And let there be no doubt, as the U.S. economy looks like it’s going down for the first time, "brokers and bankers first" is the rule.

In the waning days of, well, everything from the George W. Bush era, to the Reagan era and 30 years of conservative rule — as is often the case in a disaster — men’s true characters reveal themselves, and they reveal their intentions when they have little left to lose.

Get updates in your inbox