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Bright Side of a Total Financial Market Collapse: Michael Lewis
...A lot of attractive office space seems to be opening up in midtown Manhattan, for instance, and the U.S. government is now getting paid to borrow money. (And with T-bills yielding 0 percent, they really ought to borrow a lot more of it, and quickly.)
...1) We finally get to see what's inside these big Wall Street firms.
...2) We are creating the financial leaders of tomorrow.
...3) Ordinary Americans get a lesson in low finance.
...4) We have lots of new houses.
...5) Huge numbers of Wall Street executives will have the time to raise their children.
...
by vbo on Fri Sep 19th, 2008 at 05:50:35 AM EST
[ Parent ]
5....For years now Wall Street has been far too lucrative for a certain kind of energetic and ambitious person to justify anything but the most perfunctory personal life. Now that the market for his services has collapsed, he has time to go home and figure out which of the children roaming around the mansion are actually his.
by vbo on Fri Sep 19th, 2008 at 06:09:44 AM EST
[ Parent ]
LOL

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Fri Sep 19th, 2008 at 06:11:07 AM EST
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