Reason notes that the criticism from
Andrew Sorkin of the Masters of the Universe on Wall Street that ruined our country is subtle, but it pretty much shows that the cronyism between Goldman Sachs, Morgan Stanley, and the feds was worse than a Skull and Bones meeting. The piece is very informative, although somewhat dry. However, he does throw in this little tidbit to make people without MBAs happy:
Paulson, who had been living on barely three hours of sleep a night for a week, was beginning to feel nauseated. Watching the financial industry crumble in front of his eyes—the world he had inhabited his entire career—was getting to him. For a moment, he felt light-headed.
From outside his office, his staff could hear him vomit.
At least there is a little justice in this world.
Reason notes that the criticism from Andrew Sorkin of the Masters of the Universe on Wall Street that ruined our country is subtle, but it pretty much shows that the cronyism between Goldman Sachs, Morgan Stanley, and the feds was worse than a Skull and Bones meeting. The piece is very informative, although somewhat dry. However, he does throw in this little tidbit to make people without MBAs happy:
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