Peter Morici: "Hubris" of New York Aristocrats Hasn't Been Seen Since Just Before the French Revolution

Peter Morici: "Hubris" of New York Aristocrats Hasn't Been Seen Since Just Before the French Revolution
NationBuilder, 10/30/2008

Professor Peter Morici from the University of Maryland was on Lou Dobbs tonight and reminded America that such blatant corruption like the FED Bailout Bill last preceded the Revolution of Revolutions.

Professor Morici:

We haven't seen hubris on the part of aristocrats like those in New York since just before the French Revolution...They took half the profits of Lehman Brothers, put it in the pockets of the executives and essentially declared the place bankrupt. It's obscene. It's beyond reproach.