"The Real Housewives of Wall Street"

Mike Taibi writes in Rolling Stone about some fairly outrageous doings between Washington D.C. and Wall Street during the various 'bailouts':
"Christy is the wife of John Mack, the chairman of Morgan Stanley. Susan is the widow of Peter Karches, a close friend of the Macks who served as president of Morgan Stanley's investment-banking division. Neither woman appears to have any serious history in business, apart from a few philanthropic experiences. Yet the Federal Reserve handed them both low-interest loans of nearly a quarter of a billion dollars through a complicated bailout program that virtually guaranteed them millions in risk-free income." (from The Real Housewives of Wall Street)
Posted on June 12, 2011 and filed under Life, Politics.