I had imagined a financial elite that, inordinately perhaps, enriches itself during periods of economic prosperity. This is a tax, if you will, on broad-scale prosperity, a necessary toll. As sure as taxes.
I had not considered an elite that turns to preserving its 'boom time' earnings during hard times by such unconscionable methods as nationalization and socialization of risk. Suddenly the rich look unvarnished, almost ridiculously in love with their mansions. They have no ideological purity. They are not capitalists --they just sport just vanity plates with 'laissez-faire' stamped on them. There is nothing to recommend the rich. They are craven. They are nakedly opportunisitc. They are greedy. Period.
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