You don’t have to be a fan of the U.S. banking system to realize that credit default swaps are not the same as gas chambers and the gulag.
Or so you would think. But celebrity chef Mario Batali evidently doesn’t see that distinction, having compared American bankers to both Hitler and Stalin while participating in a panel discussion yesterday about Time magazine’s next Person of the Year.
“The ways the bankers have kind of toppled the way money is distributed and taken most of it into their hands is as good as Stalin or Hitler and the evil guys,” the TV chef and restaurateur remarked, in comments that were published on Forbes’ website. Asked after the discussion whether he stood by the statement, Batali told Forbes writer Jeff Bercovici, “Oh, that was just a metaphor.”