Americans are being forced into a scenario of accepting a lower standard of living, while the fat cats on Wall Street get a QE2 license to speculate and receive record bonuses.
Democrats love to crow about how Republicans only do the bidding of their Wall Street fat cat buddies.
The lack of criminal prosecutions against Wall Street fat cats who created toxic, mortgage-backed securities and sold them to investors such as pension funds simply defies common sense.
So, if Mr. Dimon is coming across as another boorish Wall Street fat cat, then the question is: Who will step up to the role of industry spokesman?
Unless the bureau plans to work and leverage resources with other regulatory and oversight agencies, it will end up being the brunt of jokes among savvy Wall Street fat cats.
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But in the wake of a financial crisis that is widely blamed on Wall Street fat cats, from which the richest have rebounded fastest, and ahead of public-spending cuts that will hit the poor hardest, its tone has changed.
The fact that much of Wall Street sees only the fat transaction fees part of it does not make it any less so.
Finance professor Joseph Mason of Drexel University says the Wall Street butchers can trim the fat from the least risky securities, but they can't get rid of it all together.
Friday morning, many on Wall Street were stunned by the big fat zero put up by the August jobs report, the worst showing in 11 months.
On Wall Street it is said that pigs get fat but hogs get slaughtered.
Wall Street says this "crisis" is creating fat opportunities for companies pushing low-carb foods.
Low-density lipoprotein, the bad cholesterol, carries cholesterol fat to the arteries, where it gets stored as plaque in the artery wall.
"This isn't the chance for you to decide that Wall Street is bad ... and (now) we're going to show these fat cats, " Novack said.
On the wall behind his chair he had hung gold foil images of Lakshmi, goddess of wealth, and the fat elephant god, Ganapati.
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