In the past two months, half a dozen current and former bank chiefs have been honored in New York along with Thain, the former CEO of Merrill Lynch & Co. who arranged its 2008 sale to Bank of America Corp. (BAC) and left after Merrill’s $15 billion loss forced the combined firm to seek more government support.
Bank of America’s Brian T. Moynihan, JPMorgan Chase & Co. (JPM)’s Jamie Dimon, Morgan Stanley’s James Gorman and Pandit are among the bankers recognized since May 1, a day of international protests against Wall Street. Goldman Sachs Group Inc. President Gary D. Cohn accepted an award for the firm that evening from Friends of the High Line over hen-of-the-woods mushrooms and slow-braised short ribs. Goldman Sachs and its employees have given more than $6 million to the Manhattan park, he said.
“Look, the whole idea of these things is to raise money for the charity,” Thain said in an interview after accepting his Father of the Year award. “The demonization of Wall Street and bankers is very much a function of the press and of Washington, and not much more broadly held.”
Face it. The mafia banksters own America. The rest of us live off their dregs. – Lee Adler