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One Percenters At Play




There’s a fascinating article in this week’s editions of New York Magazine by reporter Kevin Roose – who in January 2012 crashed a private banquet held by Kappa Beta Phi, a secret Wall Street fraternity.

Why did Roose wait two years to write about the event – held at New York City’s luxurious St. Regis hotel?

We’re not sure … but his story is causing quite a bit of embarrassment for the wealthy “one percenters” who comprise this elite fraternity of “too big to fail” beneficiaries.

“Enough wealth and power was concentrated in the St. Regis that night that if you had dropped a bomb on the roof, global finance as we know it might have ceased to exist,” Roose writes.

Well then … it’s a shame he brought a cell phone and not a fertilizer bomb.

Anyway … Roose’s account depicts the one percent in all its unfeeling political incorrectness – mocking gays, hippies, Southerners and Mormons.

Even Hillary Clinton …

They even make fun of us poor saps … the taxpayers who bailed them out.

Roose’s takeaway?

“The upper ranks of finance are composed of people who have completely divorced themselves from reality,” he wrote. “No self-aware and socially conscious Wall Street executive would have agreed to be part of a group whose tacit mission is to make light of the financial sector’s foibles. Not when those foibles had resulted in real harm to millions of people in the form of foreclosures, wrecked 401(k)s, and a devastating unemployment crisis.”

Exactly …

Yet these are the people taxpayers were forced to bail out … not those of us busting our asses every day to make ends meet. And these are the people benefiting from the ongoing money-printing at the U.S. Federal Reserve.

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