Decline of Deference, Disdain for Über-Rich

January 4, 2012 11:00am by Barry Ritholtz

Interesting observation:

“Disdain for the uber-rich was unthinkable until —

“It wasn’t the crash of 2008 that led to their fall from grace, nor exposure of the greed and stupidity that required a massive public rescue. It was their graceless reaction to the bailouts: no apologies, remorse or gratitude — even faked; just more arrogance, bonuses, takeovers, foreclosures. Wall Street begged to be occupied. The Unrepentant Financier could have been Time’s Person.”

-Rick Salutin, The decline of deference, Toronto Star, Thursday, Dec. 29, 2011.

Rather intriguing . . .

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