Wednesday, January 03, 2007

Scenes from the incipient class war.

[T]he front-page story in The New York Times on Christmas Day about bonus-crazed traders vying for Ferraris and bonus-addled hedgers buying $5 million Manhattan condos for their kids . . . is “reporting” as propaganda: stuff that will inspire even people well disposed toward finance capitalism to run a thumb along the pikestaff blade and make sure the tumbrel wheels are greased.
Michael M. Thomas in the New York Observer.

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