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General News    H2'ed 10/10/11

Mob Wars On Wall Street: GOP Viewed Skewed As Usual

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He blames the government for demanding that mortgages be affordable and sold on a non-discriminatory basis. When pressed, he admitted there had been predatory and racist lending practices in the past, and that the subprime mortgages were a disaster.

But the more he talked, the more it was clear that his real anger is reserved for Wall Street's bosses, the people who run the firms and are, in his view, totally corrupt.

He was one of those who lost his pensions and shares when Lehman Brothers and Bear Stearns when down. He was wiped out and had nothing good to say about the people at the top.

Curiously, he was as angry with these men in the suites as are the folks in the streets. He was just as alienated although he's not about to turn on capitalism and instead sniped at a retired schoolteacher at the dinner for having a good pension that he now lacks. His resentment, insensitivity and sense of class entitlement were insufferable.

Yet, even though he works for a leading financial firm, he saw himself as a victim too--in effect, a 99 per-center.

Where will he stand in the emerging "Mob War" when the "Occupy" Family confronts the Goldman Sachs "Family"?

 As the financial crisis intensifies our social crisis, stranger bedfellows will emerge.

News Dissector Danny Schechter directed Plunder The Crime of Our Time, (plunderthecrimeofourtime.com) and writes a blog at NewsDissector.com

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News Dissector Danny Schechter is blogger in chief at Mediachannel.Org He is the author of PLUNDER: Investigating Our Economic Calamity (Cosimo Books) available at Amazon.com. See Newsdisssector.org/store.htm.
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