David Morris has an excellent piece over at AlterNet about how the New York Public Library will rename its main branch the Stephen A. Schwarzman Library in return for his contribution of $100 million.  Schwarzman, as Morris points out, is the co-founder and chairman of the board of the Blackstone Group, which "is to the first years of the 21st century what Enron was to the last years of the 20th century."

Blackstone really has it all: a co-founder who makes hundreds of millions a year; the ability to outspend all other private equity firms combined in lobbying Congress to keep tax loopholes alive; and investors who have lost about 60 percent of their money since the company's initial public offering last year, while Schwarzman got billions from his share of the sale. 

Nice to know Blackstone is giving something back to the public that they've bilked, and being rewarded for it too!

For more info, check out our ongoing War on Greed.