The Wall Street disconnect


A protester outside AIG's headquarters at the ...

Image @Wikipedia

By Matthew Goldstein and Jennifer Ablan – Captains of finance like to portray themselves as humble entrepreneurs. One owner of a multi-billion-dollar hedge fund grumbled in the midst of the financial crisis that he has to worry not only about making trading decisions but also about “all the hassles that come with running a small business.”

Maybe it is just the ethos of Wall Street, where success is defined solely by who makes the most money, that makes it hard for financiers to feel they’ve wronged anyone. Some of the disconnect is simply a matter of lifestyle and the fact that the super wealthy really do live differently from everyone else.

“Our society was ripe for a convulsion about social justice, and Occupy Wall Street was the catalyst for that,” says former top Pacific Investment Management Co (PIMCO) executive Paul McCulley. more> http://twurl.nl/scop4j

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