Monday, November 30, 2009

Ameritocracy

Wall Street Journal:

As traders and investment bankers near the finish line of what looks like a boom year for pay, some are spending money like the financial crisis never happened. From $15,000-a-week Caribbean getaways to art auctions to $200,000 platinum wristwatches that automatically adjust for leap years, signs of the good life are returning.

In fairness to traders and investment bankers: What other industry had the ambition to run the economy into the ground, or the wherewithal to make of it an opportunity?

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see also: Arming Goldman With Pistols Against Public

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