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There are some aspects of this that don't ring true and make me wonder if the story has been liberally embellished for the target audience. Most clearly, the u
by dkarl 18y ago
There are some aspects of this that don't ring true and make me wonder if the story has been liberally embellished for the target audience. Most clearly, the upper upper class in the US does not get fat -- that's for unwashed plebes like doctors and bankers -- but Europeans do connect obesity with consumerism with capitalism. My gut feeling is that this is a sharp, ambitious guy trying to sell a book that is more "authentic" than honest. Pretty much the opposite of what he pretends to be.
And really, it's boring to do a cultural expose of Wall Street financiers at this late date. It's already been done to death. It was already done to death twenty years ago. We know how people act when they get that kind of godlike money. They important part is how they get it and what the effects are for the rest of us. The interesting thing now is that there's a crowd of powerful, connected, and ambitious people figuring out what to do next. Kinda scary, eh?
- Adam503 18y agoThis guy was working for UBS. The same UBS that hired Phil Gramm as their Vice Chair. This wasn't some multi-national corporation stuck with working with Phil Gramm in order to make a killing in some scheme. UBS went out and actively sought that idiot, and gave him a position of responsibility and leadership. I have little doubt any multi-national that went out and sought Phil Gramm to lead them was also taking all this decadence to entirely new levels.