Is Bloomberg suggesting that the tax payers subsidize Mr Miller's severance paycheck, as a reward for having put the bank in such a fine situation that it desperately required government funded bailout?
You'll have to admire the chutzpah...
When you're falling off a cliff and someone throws you a rope, you are not exactly in a situation to make demands and complain about your rescuer butting into your business, now are you? Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.
In the real world, at least in continental Europe, the conservative mantra is that the poor get too much, relative poverty isn't real, and that work has to pay again. The notion that wealth rightly confers privilege is, lets say... underdeveloped.
Funny part: the authors appear to be French; they sure have mastered the fine art of Economist/FT/WSJ speech... Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.
Frank Delaney ~ Ireland
