Robert Reich is a Disingenuous Twit

Once again Robert Reich (pictured to the left, with a normal sized person for perspective) is selling stories about the evils of Wall Street. This one is entitled “Moral Hazard” – about how Wall Street should have known better.
Let me quote a paragraph.

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Note that behind every one of these institutions lie thousands of well-paid executives who would have lost big if the Fed didn't come to their rescue. A few, such as those at the late Bear Stearns, did lose big. But most executives on Wall Street have not. Even though they had more information and experience at risk-taking than the suckers who borrowed their money, and even though executives at the top of these institutions typically earn more in a day than the borrowers do in a year, moral hazard somehow doesn't apply to them.
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Let us remember that Robert Reich, the disingenuous evil little troll, was on the Board of F’ing Directors of Citibank. Although he now sells the story that “Wall Street” was stupid and over compensated, he was on the board of Citibank – as it walked the plank of death.

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I got ANOTHER good-bye note today from the last of the people in Los Angeles. When I worked in Los Angeles for Citibank, there were 325 employees and about 200 contractors at the site. There are now 52 employees (if you count me as in Los Angeles) and 20 contractors.

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But the Wall Street Journal, American Prospect, CNN and others let Charles Mason’s Mini-Me continue to make money spouting off about how dumb everyone else was.

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He is contemptible. He just looks harmless because he comes in munchkin size.