Last week, an exclusive Wall Street fraternity, Kappa Beta Phi, held a super-fancy black-tie dinner at the St. Regis Hotel in Manhattan, and a New York Times reporter was able to witness it. What he saw was behavior so appalling and unsympathetic to the plight of the poor it was almost a parody of itself.
Kappa Beta Phi was formed in 1929 by top Wall Street barons, and the rest of the Times piece sounds like we haven't left that year. In one paragraph listing attendees, you half expect F. Scott Fitzgerald to show up on there. It's absolutely necessary reading. Another special excerpt: "Some jokes took aim at industry outsiders like Representative Barney Frank, the Democrat of Massachusetts who has been an advocate of financial regulation." It's a sneak peek into the psychology of Wall Street during this tumultuous time, and clearly they're all still telling the rest of America to fuck off.
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