THE BLOG
03/18/2010 05:12 am ET | Updated May 25, 2011

Obama's Greenwich Fundraiser: "No Reason Why Wall Streeters Shouldn't Earn $200 Million a Year"

This just about says everything that needs to be said about America's "greed is good" culture, and the sense of entitlement among the Wall Streeters who destroyed the economy and nonetheless continue making big money off taxpayer bailouts:

Dr. Daniel E. Fass, another chairman of the [Obama fundraising] event who lives surrounded by financiers in Greenwich, Conn., said: "The investment community feels very put-upon. They feel there is no reason why they shouldn't earn $1 million to $200 million a year, and they don't want to be held responsible for the global financial meltdown."

Just to reiterate: Bank executives have been given trillions of taxpayer dollars to double their bonuses and jack up their perks during a recession that they themselves caused -- and nonetheless, they not only feel "put upon," but feel "there is no reason why they shouldn't earn $200 million a year."

UPDATE: David Mizner points out this story in the New York Times portraying the ultra rich as the most persecuted demographic in America. It may be the most nauseating story I've read...well, at least in the last week.