THE MASTERS OF THE UNIVERSE AT WORK

(h/t Atrios)

Dean Baker at The American Prospect points out a little of the class warfare we rarely see or hear about.

Shortly before leaving Goldman to head up President Clinton’s National Economic Council, Mr. Rubin says, he met with Richard B. Fisher, the chairman of Morgan Stanley, to discuss the idea of imposing stricter margin requirements on futures trading. Mr. Rubin says the idea died after the Chicago Board of Trade told him “we will make sure Goldman Sachs never trades another future on the C.B.O.T. if this went ahead.”