First it was the tax breaks to the solar company that's moving to China. Now we learn Fidelity gets a $70-million or so break to encourage it to increase jobs. In Massachusetts, that is. The Outraged Liberal ponders.
The Boston Business Journal reports on staggering losses at the parent companies of Massachusetts's second-largest retail bank and big hits to Fidelity's bottom line.
Carpundit reads this and concludes:
To me, the lesson of all this disgusting gift-giving (or bribery, depending on your perspective) is not that the financial industry is too cozy, but that there's so much money floating around the system that $75,000 can be spent on airfare to a bachelor party. You know where that money comes from? ...
Help keep Universal Hub going. If you like what we're up to and want to help out, please consider a (completely non-deductible) contribution.
