Notes from the Editors, February 2010

Abstract

buy this issueIf it is the best of times for the bankers, it is the worst of times for workers. The titans of Wall Street came calling in Washington, D.C. just a few months ago, and were given the keys to the Treasury's vault. So successful has been the government's multi-trillion-dollar bailout that even those giant financial institutions in the worst shape are paying back what they owe, mainly to get out from under what they consider to be onerous public interference in their extraordinarily lucrative business activities.…Where bankers once sat quietly while the people's presumed tribunes in Congress scolded them for their errant ways, now they are dictating the terms of financial "reform" and feeling bold enough to phone in their regrets when fog delayed their plane and they couldn't make a White House meeting with President Obama, who is begging them day and night to start making loans.

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