Monday, October 19, 2009

Too Smart for Wall Street? (Updated)

To the Editor:
I have an alternative explanation for Calvin Trillin to consider (Wall Street Smarts, NY Times, Oct 14, 2009).

The economic debacle on Wall Street was fueled by an intellectually and morally bankrupt administration that (as once and future partners of those involved in the chase for unlimited bounty) allowed lack of regulation and lax enforcement to create an environment where unchecked greed was not only made possible but was also encouraged.

UPDATE: You can read this post in today's (Oct 19, 2009) New York Times letters to the editor section (under the heading "Did the Smart Guys Destroy Wall Street?").

I am a bit dazed and confused by this. I have now been published in the letters section of this newspaper 5 times in the last year.

Meanwhile, I stumble along in my 'other life' doing things like last night, where I asked Richie to google directions for me and then gave him the wrong address. If it weren't for Joanne's quick thinking in the car, I would, much as I seem to do in many ways on many days, be headed for parts unknown. The brain is a mystery.

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