Bankers Fear Populist Uprising
Jul 27, 2009
Bloomberg reports that Wall Street Sets Campaign on ‘Populist Overreaction’. The Securities Industry and Financial Markets Association has set out a PR campaign headed by Former Secretary of the Treasury Henry Paulson who oversaw the bank bailouts under President Bush. Their plan is to target media figures and institutions to try to stifle the growing sentiment against Wall Street due to the financial crisis and bank bailouts.
COMMENT: I have a better idea. Why not just stop the criminal activity? Then they wouldn't have to clean up their image.