Saturday, August 1, 2015

Too big to fail, too rich to jail

Too big to fail, too rich to jail

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Here's a story that's a metaphor for everything that's happening in America:

A Morgan Stanley wealth manager will not face felony charges for a hit-and-run because Colorado prosecutors don't want him to lose his job.

Martin Joel Erzinger, who manages more than $1 billion in assets for Morgan Stanley in Denver, is being accused only of a misdemeanor for allegedly driving his Mercedes into a cyclist and then fleeing the scene, Colorado's Vail Daily reports. The victim, Dr. Steven Milo, whom Erzinger allegedly hit in July, suffered spinal cord injuries, bleeding from his brain and, according to his lawyer Harold Haddon, "lifetime pain."

But District Attorney Mark Hurlbert says it wouldn't be wise to prosecute Erzinger -- doing so might hurt his source of income.

In other words, Martin Erzinger is too big to fail. Is this what they mean when they keep talking about American exceptionalism?

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Will Bunch
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