Rarely do I agree with Fortune magazine’s Allan Sloane. However, I find his March 17 Washington Post article on the over-the-top bashing of banks and bonus recipients very sensible. He writes:
I’ve made my career whacking big business. Magazine covers with titles such as “Corporate Killers” and “How Wall Street Sold Out America” hang in my office, and my files are filled with pieces I’ve written about corporate tax dodging, questionable accounting and toxic waste being peddled as spring water to unsuspecting investors.
Yet:
But even by my bash-them-bloody standards, Democrats’ attacks on banks that have taken bailout money and continue holding meetings in nice places or sponsoring athletic events are way over the line.
Read more here.
— Veronique de Rugy is an economist at the Mercatus Center at George Mason University.