You know, because everything is racist.

Via Jesse Jackson:

Here’s a good example of how such outrageous greed works. Earlier this month, Vodafone agreed to sell its 45 percent stake in Verizon Wireless, to the tune of $130 billion. To quote Barron’s, “As it happens, the dividend will be eligible for preferential tax treatment.” Of course it will — the 1 percent writes the rules.

Barron’s also noted: “The Vodafone group will incur only about $5 billion in U.S. taxes on the transaction, or just about 4 percent.” You don’t say.

Not a single African-American, Latino, or female bond firm will share in the $265 million in fees generated from the mammoth $49 billion bond offering Verizon will use to fund the cash portion of the transaction.

And the deal was government approved.