According to a Reuters report this morning, the CEOs of the major U.S. investment firms will testify in Washington today about the global financial crisis. The story states that the CEOs and their companies are “swimming in bonuses but sinking fast in public esteem…” and that “…public fury is growing over the crisis.”
I’ve worked for these guys and their ilk for the better part of my career—not as an “earner” but as someone who works in the trenches—and I can assure you that they couldn’t care less what public sentiment is. New York City is awash with people like this. They only speak one language and that’s the language of currency. They have what’s referred to in the industry as “F.U.” money. That means they have amassed such a copious amount of cash that they can’t be touched by the law or anyone else. It’s what they aspire to. Public fury? It’s irrelevant.
Sobering, but true.
Money, it’s a gas
Grab that cash with both hands
And make a stash
Money, it’s a crime
Share it fairly
But don’t take a slice of my pie
Money don’t get everything it’s true.
What it don’t get I can’t use.
Now gimme money (that’s what I want)
Berry Gordy and Janie Bradford