Masters of the Universe: The Truth About Wall Street

David Leonhardt (NY TImes, today, the Looting of Americas Coffers) has it right. If you dont yet understand how overwhelming greed led bankers and investment bankers to build a house of cards, walk away with bonuses based on performance that would lead to billions of write-offs of their own companies and not care, you must read the article. Alan Greenspan says he was shocked. Bernanke says he didnt see it coming. But this was entirely predictable.

To read the article, visit:

That’s my view. What’s yours?

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One Response to “Masters of the Universe: The Truth About Wall Street”

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