Wall Street’s sense of entitlement

Greg Sargent, quoting Nick Confessore in the upcoming Sunday NYT Magazine:

Obama campaign manager Jim Messina recently met with a group of Wall Street donors, and they gave him an earful:

For the next hour, the donors relayed to Messina what their friends had been saying. They felt unfairly demonized for being wealthy. They felt scapegoated for the recession…

One of the guests raised his hand; he knew how to solve the problem. The president had won plaudits for his speech on race during the last campaign, the guest noted. It was a soaring address that acknowledged white resentment and urged national unity. What if Obama gave a similarly healing speech about class and inequality? What if he urged an end to attacks on the rich? Around the table, some people shook their heads in disbelief….

“This administration has a more contemptuous view of big money and of Wall Street than any administration in 40 years,” [one] donor said. “And it shows.”

As Sargent says, where to begin?

These clowns damned near blew up the economic system for the entire world. Their actions pushed the US into a recession and the poorer countries of Europe into a depression, and they want our sympathy?

We really did and still do need some prosecutions of some of these guys, Mr. President. I know you’d prefer not to do that, but there need to be some pelts hanging on doors to teach these 1-percenters a lesson.