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Class Envy and Goldman Sachs

One Washington Post columnist argues that class envy explains the resentment towards Goldman Sachs:For several years I've predicted that a new wild card in American life -- the presence of economic resentment at the bottom of the top 1 percent of our income distribution -- would become a powerful force for reform. The SEC's fraud case against Goldman Sachs may be the first shot in what I think of as the revolt of the "lower upper class."As I don't live in New York or care about social scenes, it's hard to say if he's right.  Personally, I didn't know anything about Goldman Sachs until the bailouts.  The more I dug, the more obvious Goldman's criminality was apparent.  Crime is the title of this blog, and along with other degenerate subjects, a lifelong fascination...continue to full post

Full post as published by Crime & Federalism on April 26, 2010 (boomark / email).