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Sounds like the party's over. And it rings true to me that the great howls of outrage at the alleged injustice of the nation treating these banksters with disdain were the screams of a dying breed. It never made sense to me. These were smart guys. Hugely successful, vastly wealthy. If they thought their scam had any life left in it they would have done a few mea culpas and laid low.
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Doesn't matter how smart you are, if you're blinded by greed, you refuse to see the reality of things until it imposes itself on you. Works the same with drugs and alcohol, all depends on what your own personal monkey is.
1 comment:
“We used to rely on the public making dumb investing decisions,” one well-known Manhattan hedge-fund manager told me.
No shit. I'm still stuck with some stock in Michael Jackson Day Care Centers.
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