I always thought there was some childish behavior happening in the world of high finance. New York Magazine confirms my suspicions.
They also help to simplify an issue using pictures, which helps me out. A sample:
Bear Stearns is the little pyro—the kid who was always playing with matches. He could harm not only himself, but burns his own house down, and indeed, he could have burned down the entire neighborhood. The Fed stepped in not to protect him but the rest of the block.
See the "source" link below for Lehman Brothers ("the little kid pulling the tail of a dog") and AIG ("the kid who accidentally stumbles into a biotech- warfare lab … finds all these unlabeled vials…").
No word yet on what sort of child Goldman Sachs and Morgan Stanley are.
Source/image: NYMag (originally bigpicture)
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About Brett Singer
Brett Singer is a writer and father living in Manhattan with his wonderful wife and two terrific sons
(referred to here as Thing 1 and Thing 2). He writes about music for the Boston Phoenix, parenting for Babble and daddytips.com, and other topics for anyone else who will have him.
