Saturday, March 13, 2010

Who will praise the crooked taxi drivers?

Remember the New York Times headline that screamed: "Bankers Gouged Taxpayers Out of Trillions, Washington says"?   Neither do I.  The headline never appeared in the Times.

Here's one that did.   Today, the top headline on its website reads:  
Taxi Drivers Gouged Riders Out of Millions, New York says
It seems that a small fraction of the city's taxi drivers were caught overcharging the public to the tune of $8 million.  The government responded swiftly, according to the front page story:
Agency officials said . . . that they were alarmed enough that they immediately ordered the companies that manufacture the meters to create a system to alert riders when the higher rates are being charged. 

The commission said it began an inquiry. . . 
After September 2008, when New Yorkers in another occupation bilked society of more than $8 trillion, was the "system" changed?  Was any major Wall Street bank ever actually "ordered" to do anything?  Did "an inquiry" get underway the next day?   The country had to wait another 15 months for hearings to begin.  Instead of system change, we heard the president respond to a question about new bonuses for Wall Street's Lloyd Blankfein ($9 million) and Jamie Dimon ($17 million) like this:
"I know both those guys. They're very savvy businessmen. And I, like most of the American people, don't begrudge people success or wealth. That's part of the free market system."
I won't hold my breath waiting for Obama to defend the "success" of  the taxi drivers of New York City.

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