As far as I'm concerned, one of the deepest and most enduring mysteries of our ongoing financial crisis is why our highly-paid elite media figures continue to defend the knuckleheads who crapped the bed in the first place.
I'll admit it - my investment portfolio is virtually non-existent. My bank account might as well be at Gringotts guarded by angry unicorns. When the stock market finally gagged on all the goose-chow being shoved down its throat it didn't affect me too much. But these people - these people are rich. They have assets. When the market went to hell they took a hit. A big one. Guys like Jeff Zucker have seen their portfolios get nuked and their home values vaporize - and they still seem goddamn grateful that their tax dollars are going to the same crusty botch of finance that our tax dollars are going to. What the hell?
It sort of reminds me of the scene in Annie Hall when Woody Allen's parents discover their maid is stealing from them and his father declares the she deserves to steal from them because she's poor. Yeah. It's like that. But in reverse. And not funny.
(Swiped bootlicker pic from here. Post edited for clarity/grammar on 3/23/09.)