Cross Posted at Legal Schnauzer
In October 2010, CEO Ted Rollins helped Campus Crest Communities complete a Wall Street IPO of more than $350 million.
In October 2011, we reported that Ted Rollins' ex wife and his two teen-aged daughters are on food stamps in Alabama.
That provides all the information you need to know about the kind of people who are favored in America's high-stakes financial sector. It also puts a new face on the protests against Wall Street that are sweeping the nation.
Ted Rollins teaches us an important lesson: Corporate fat cats not only will screw around with the general public, causing untold harm to our economy on a macro scale; they also are "bastard-coated bastards with bastard filling" on a micro scale, in some cases cheating their own children.
Here is another lesson to remember: Behind most crooked CEOs is a crooked lawyer--or in some cases, a whole army of crooked lawyers. Everyday Americans should not be angry with just corporate titans; they also should direct heavy-duty anger toward lawyers, who too often serve as nothing more than grossly overpaid enablers.
Author Naomi Klein has called the Occupy Wall Street movement "the most important thing in the world now." Writes Klein: