US Treasury meeting: How the financial aristocracy laid down the law

Get out the barf bag and read this.

By Alex Lantier

(WSWS) -- Accounts of the October 13 meeting between US Treasury Secretary Henry Paulson and top bank CEOs on the government’s bailout of Wall Street—now estimated at $2.5 trillion—paint an extraordinary portrait of class relations in America. Though they were to receive hundreds of billions of dollars from the Treasury to stave off a credit collapse of their own making, the bankers arrogantly refused to accept the slightest limits on their prerogatives.

US Treasury meeting: How the financial aristocracy laid down the law