The View From 1776
Monday, April 20, 2009
High Class Greed
Greed is an equal opportunity vice not confined to bankers and businessmen on whom liberal-progressive-socialists attempt to pin exclusive responsibility for the financial collapse created by the Fed’s flooding the economy with phony fiat money.
Unfolding bribery scandals involve Democrat/Socialists at the highest levels of party leadership. Those leaders allegedly pocketed tens of millions of dollars in under-the-table fees from firms dealing with state employees’ and teachers’ pension funds, which are among the largest pools of investment funds in the world.
One message, which no doubt will be ignored by mainstream liberal-progressive-socialist propaganda media, is that the greed damned by liberals looking for scape goats in the current financial meltdown is not confined to bankers and businessmen. Greed, unfortunately, is a human failing that leads people dealing with huge amounts of money to do unwise or even criminal things.
For more on the story, read The Public Pension Shakedown.