No shortage of arrogance

Wall Street may occasionally run out of money, but it never runs out of arrogance. Yesterday on NPR's Morning Edition, Pete Peterson advised that "low paid" government bureaucrats should not be allowed to run the bailout program. Instead, wise Wall Streeters who are paid "far, far more" should be given $700 billion of taxpayers' money to spend pretty much at their discretion.
In the 1930s, bankrupt fat cats who leaped from the window ledges of their corner offices at least had the decency to land on the pavement. Now, not only do they want to land on a nice, soft pile of taxpayers, but they want to get paid to do it.
If there is to be a bailout at all, Congress should tell Peterson and his ilk to hit the street, and give the bureaucrats a chance to show what they can do.   Pete, they can't do any worse than your crowd did.