Huffpost Business

Carlos Slim, The World's Richest Man, Attacks Wall Street Bailouts

Posted: Updated:

By Robert Frank of the Wall Street Journal

The Wall Street bailouts have been a chief target of criticism by the Occupy Wall Streeters.

Now another crusader has weighed in on the issue, saying Washington has given too much money to bankers and not enough to the mass workforce.

The crusader? Carlos Slim, the world’s richest man.

“The monetary and the fiscal policies, which are very aggressive, should go more to the real economy,” Slim told reporters at a conference in Geneva. “It’s going in some way more to the financial economy.”

His comments, of course, are rich with irony, given the importance of government to his own telecom’s fortune. And it’s easy for a Mexican billionaire, who doesn’t pay U.S. income taxes, to call for more government spending.

Read the entire post here. Or read more at the WSJ:

The Unstable Upper-Class

The Empty Homes of the Super Rich

Millionaires Control 39% of Global Wealth

Around the Web

Carlos Slim Lost About $6.7 Billion This Week as S&P 500 Index Fell ...

Billionaire Slim in $250m bailout of 'New York Times' - Business ...

LatAm could benefit over crisis says Carlos Slim - The Latin ...

Carlos Slim Helu Lost $11 Billion And He's STILL The World's ...

News about business and economics at Wednesday 20th April 2011

Carlos Slim Fixes the Economy - Yahoo! News

Carlos Slim Goes To Red Sox Game | Mogulite