Skip Navigation
Derek Thompson

Derek Thompson - Derek Thompson is a senior editor at The Atlantic, where he oversees business coverage for the website.
More

He is a visiting research fellow at the Committee for a Responsible Federal Budget at the New America Foundation. Derek has also written for Slate, BusinessWeek, and the Daily Beast. He has appeared as a guest on radio and television networks, including NPR, the BBC, CNBC, and MSNBC.

Shut Up, Bankers

By Derek Thompson
Apr 21 2009, 9:41 AM ET Comment

Yesterday I wrote that Obama could do a better job explaining the necessity of our banking system so that populists would keep their tea parties inside. That was before I read Gabriel Sherman's remarkable New York piece chronicling the earth-shattering moans of the New York's banking elite. It's almost enough to make you think: Who needs these guys, anyway? In a word, it's jaw-dropping. In a sentence, it reeks of a snobby disconnect from reality and a hyperelitism that makes "The Hills" cast look like the orphans from "Annie." Choice quotes after the jump:



"No offense to Middle America, but if someone went to Columbia or Wharton, [even if] their company is a fumbling, mismanaged bank, why should they all of a sudden be paid the same as the guy down the block who delivers restaurant supplies for Sysco out of a huge, shiny truck?" e-mails an irate Citigroup executive to a colleague.

"I'm not giving to charity this year!" one hedge-fund analyst shouts into the phone, when I ask about Obama's planned tax increases. "When people ask me for money, I tell them, 'If you want me to give you money, send a letter to my senator asking for my taxes to be lowered.' I feel so much less generous right now. If I have to adopt twenty poor families, I want a thank-you note and an update on their lives. At least Sally Struthers gives you an update."

Last, and also least, in so many ways:

"The government wants me to be a slave!" says one hedge-fund analyst
Presented by

More at The Atlantic

The Brash Hypocrisy of Lanny Davis This Man Represents Everything Wrong in Washington
The $630-Million Trees That Sparked a Social Media Revolt in China The $630-Million Trees That Sparked an Online Revolt
Silicon Valley's Next Big Thing: Beer Silicon Valley's Next Big Thing: Beer
The Revenge of the Rust Belt: How the Midwest Got Its Groove Back The Revenge of the Rust Belt
Buying a Piece of America: Why Chinese Shoppers Love U.S. Brands Why Chinese Shoppers Love American Brands

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.
blog comments powered by Disqus
View All Correspondents

The Biggest Story in Photos

Where in the World? Part 3: A Google Earth Puzzle

May 25, 2012

Subscribe Now

SAVE 59%! 10 issues JUST $2.45 PER COPY

Facebook

Newsletters

Sign up to receive our free newsletters

(sample)

(sample)

(sample)

(sample)

(sample)

(sample)