Masters of the Universe: The Truth About Wall Street
Wed, Mar 11, 2009
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:
http://www.nytimes.com/2009/03/11/business/economy/11leonhardt.html?_r=1&scp=1&sq=Loot&st=cse
That’s my view. What’s yours?
Tags: Business ethics, economic crisis, Financial Crisis, wall street
Countless more ordinary people of equal talent never developed the leadership core required to run the show. Why not?
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