Tom Ricks: “The latest round of massive corporate layoffs reminds of the financial crisis the Roman Empire suffered in 33 A.D.”
The Emperor Tiberius seems like a man who wouldn’t shy away from nationalizing a bank or two:
Tiberius also raised funds by accusing Sextus Marius, the richest man in Spain, of incest — almost certainly a trumped-up charge — and then having him thrown headlong from the Tarpeian Rock (see below), a cliff at the edge of Rome’s Capitoline Hill. “Tiberius kept his gold mines for himself,” Tacitus notes. It makes me think that Wall Street is getting off easy.
Among other things, we have some real crooks on Wall Street.