SocraticGadfly: Mega-rich slip — a cup of schadenfreude?

August 21, 2009

Mega-rich slip — a cup of schadenfreude?

The New York Times says the mega-rich have actually lost traction with the stock market collapse in 2007.

Of course, unless we get real financial system reform from this administration, we could have yet another bubble, aided, abetted and supported by the two-party duopoly. Remember, for every FDR or Andrew Jackson the Democratic Party has had as its standard-bearer, it’s had at least one Grover Cleveland, too.

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