Fat Cats

We’re hearing lots these days about “Fat Cat” bankers bringing down the U.S. financial system. No doubt some of them did contribute to the failure---but many others are in line for blame as well: government regulations and regulators, Fannie Mae and Freddie Mac, and bond credit-rating firms to name a few.

What we don’t hear much about is “Fat Cat” union leaders, who long have caused a huge drag on the economy.