This is pretty good from NRO on Wall Streeters, and it’s making the rounds.
Not far from Zuccotti Park, where Occupy Wall Street was fragrantly encamped, I noticed a young man wandering into a store to buy a pack of cigarettes on a bright Saturday morning, wearing blue jeans, a T-shirt, and a $237,000 Vacheron-Constantin watch. In a world of $600,000 cars (consult your local Maybach dealer) and $4,300-a-night whores (consult Eliot Spitzer), it’s no big deal to buy a president, which is precisely what Wall Street did in 2008 when, led by investment giant Goldman Sachs, it closed the deal on Barack Obama.
“At the risk of oversimplifying it,” one Wall Street insider explains, “imagine a bank went bankrupt. Then the regulators came in and cracked open all the customers’ safe-deposit boxes, even though they knew for certain that none of the contents belonged to the bank. Then they tossed those assets into the pile for the creditors to pick through and told the box holders to get in line as well. That’s what folks are saying is happening here. And in a situation like that, who wants a safe-deposit box?”
So there you have it: hedge-fund titans, i-bankers, congressional nabobs, committee chairmen, senators, swindlers, run-of-the-mill politicos, and a few outright thieves (these categories are not necessarily exclusive) all feeding at the same trough, and most of them betting that Mitt Romney won’t do anything more to stop it than Barack Obama did. If anything, the fact that Romney is having the least luck with the firm that knows him best speaks better of him than does the enthusiasm he apparently inspires in Goldman Sachs et al.
Either way, the last thing Wall Street wants is for the Corzine scandal to launch a new round of frenzied outrage out there on the fruited plains where dwell people who don’t know an IPO from a CDS, and who might suspect that something here is not entirely on the up-and-up. They’re hoping that conservatives can be buffaloed with a bit of cheap free-market rhetoric into not noticing that something is excruciatingly amiss here. They are the repo men, headpiece filled with subprime-mortgage derivatives, and they are looking to repossess the Republican party they abandoned in 2008 (see “Losing Gordon Gekko,” National Review, March 9, 2009). Free-market, limited-government conservatives should be none too eager to welcome them back, nor should we let our natural sympathy with the profit motive blind us to the fact that a great many of them do not belong in the conservative movement, and that more than a few of them belong in prison.
Ouch. That indictment of Obama was spot on. And I liked his bit about how his fellow conservatives shouldn’t want these types associated with their party as they have been in the past. Very good point. Though the R party machine, just like the D party machine is made up of those idiots and will do anything to get and keep them. See for example Obama and Romney. ’nuff said.