The American Business Model:

While politicians tout entrepreneurship, America's business is still best illustrated by the piratical behavior of Wall Street banks and others of their ilk.

Joe Nocera relates the story of Burger King and SPAC (special purpose acquisition company, better known as a corporate raider) in today's New York Times. Investors are sucking out all the profits rather than using at least part of them to improve the company. And then selling out as quickly as possible so that the next group of investors can do the same thing.

It's American capitalism at its finest. A quick buck and to hell with everyone.