Banker Bonuses: Wall Streeter Who Complained About $350K Salary Responds to The OutrageDaily Ticker
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Peter Schiff's brother is being vilified because he dared to complain about the skyrocketing cost of living in the US.
Here he is talking about this story on The Peter Schiff Show, download the show from March 1st, skip to 60:00. After being cited in a Bloomberg article about the impact of falling Wall Street bonuses, Andrew Schiff is feeling the heat from Americans outraged that someone (anyone) who makes $350,000 a year could complain about their lot in life. The story has gone viral, sparked a boatload of copycat pieces and blogs, most of them highly critical of Schiff, who says he's received a torrent of vitriolic emails.
"I never expected to become the poster child for venality and greed," says Schiff, who is director of marketing for Euro Pacific Capital, where his brother Peter is CEO.