In the not-so-old days U.S. companies valued their workers over their shareholders and compensated them well. True Blue Democrats have got to switch their loyalties to the working class from the One Percent.
No one wants to repeat another bailout, and politically speaking, it's hard to imagine one getting passed again within the next fifty years. But when financial leaders allow huge bets to be placed on unnatural, or synthetic securities, they simply haven't learned the lessons of the past crisis.
Can the members of Citigroup's board say with a straight face that they represented shareholders' interests when they approved Pandit's $14.9 million pay package? Can they say they earned the $250,000 the company paid them this year?