By HELAINE OLEN
LIn 2010, banks foreclosed on a more than a million homes. The jobless rate for the year hovered just under 10 percent. But billionaire investor Stephen Schwarzman knew who the real injured party was: the wealthy.
When the Obama administration proposed closing the carried interest loophole, a tax break exploited by those in private equity, Schwarzman couldn’t contain himself any longer. “It’s like when Hitler invaded Poland in 1939,” he claimed at a New York City gathering.
This wasn’t the tea party, hiding their elite funders under the cover of representing the common man or woman. This was one of the wealthiest men in the United States stepping forward to loudly, proudly and angrily claim he’d been done wrong.