The new "Let them eat cake!"
10 shocking, illuminating moments that prove just how out of touch the powerful really are.
Number 2: The Palaces That Taxpayers Built
In Louisville, Ky., as the city struggles with high unemployment, Goldman Sachs engineered a scheme to construct a huge new sports arena that is now siphoning millions of dollars of public money into the investment bank’s coffers. In Jefferson County, Ala., Goldman orchestrated the construction of what’s been called “the Taj Mahal of sewer-treatment plants” — a massive boondoggle that has bankrupted the county and, once again, made Goldman huge money. And in New York, where public budgets are being gutted, Goldman just opened a monstrous $2 billion headquarters, financed by what Bloomberg News calls “unprecedented” aid from taxpayers. […]