robertogreco + status + crisis   1

Merrill Lynch Needs a Dressing Down - Boing Boing
"Merrill Lynch is bullish on snobbery and status. These snobs, wearing more expensive suits, consorted to run their company into the ground. Now they look down on the company that rescued them and the people who work there as not being worthy, not sharing their own high status. It's another sign that failure will not humble Wall Street or cause them to change their ways. It's also a bad sign for Bank of America of the difficulty of getting these dandies to do an honest day's work. These are the good people we're helping bail out and they look down their noses at the rest of us. It bothers me that we're providing welfare payments to people who fly first-class, stay in five-star hotels, eat in expensive restaurants, watch sports in skyboxes and travel in limos more frequently than rock stars, all the while being impeccably dressed in the classic fashion."
merrilllynch  finance  snobbery  2008  crisis  bailout  status 
november 2008 by robertogreco

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