[Excerpt] Are Wall Street’s power suits getting spooked by nightmares about peasants with pitchforks? Could be. A former managing director at Morgan Stanley, now a columnist, reported last week that bankers at Goldman Sachs have been filing for personal pistol permits.
But wheelers and dealers on Wall Street don’t really need guns to safeguard their personal fortunes. They have lawmakers. America’s legislators can’t seem to do enough for the deep-pocket set. Last Thursday, for instance, Democrats in the House of Representatives voted to increase the federal deficit by hundreds of billions of dollars — to give America’s wealthiest a tax break.
Here’s the amazing part: Republicans in the House, joined by some Democrats who style themselves “fiscal conservatives,” attacked the House majority for not making that tax break — and the resulting deficit hole — even larger.
We have that wacky story — and a lot more — in this week’s Too Much. ... Read it now!
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