November 12, 2010
From The New York Times:
Vikram S. Pandit, the Citigroup chief executive, hinted at some frustration with the public backlash against Wall Street.
“I kind of feel like I’m living in parallel universes,” he said. “I’m here in Korea and I feel this warmth and the need and the sense of trying to have a dialogue with each other, but then when I get back to my real universe, it’s cold in that universe.”
He was one of the about 120 executives who took part in the Seoul G-20 Business Summit, a daylong conference here.
Posted by Jerome Doolittle at November 12, 2010 10:05 AM
I know just what Mr. Pandit means. I also feel like I'm living in a parallel universe. Every day when I go out of my house I see more repossessed houses, more closed businesses, & more shuttered factories. About half my friends & family have lost their jobs or taken big cuts in work hours and/or pay. When I go to the unemployment office & see an institution that is completely overwhelmed & at least once a day I pass by a someone on the streets with a placard begging for food; many times they are sitting in a wheelchair. Our troops keep dying in an unending war while profiteers rake in money & our leaders toast one another with champagne... Yet, when I read the newspaper, listen to the radio, or watch television I hear nothing but assurances that the economy is getting better, the stock market is going up, & capitalism is the greatest thing to ever come down the pike. Hmmmm, I don't know whether to believe my own experiences or what the media presents as fact.
To Colonial: believe your lying eyes. To Vikram S. Pandit, I say, "boo fucking hoo!"
Someone call the waaaaaaahhhhhmbulance, quick!