It's Such A Pain In The Ass

All That Was Clear That The Profits To Be Had From Smart People Making Complicated Bets Overwhelmed Anything That Could Be Had From Servicing Customers, Or Allocating Capital To Productive Enterprise.

That's What Happens When You're Thirty-seven Years Old: You Do The Things You Always Did But The Result Is Somehow Different.

The Germans Made Just About Every Bad Investment You Could Have Made In The Last 10 Years. They Invested In Icelandic Banks. They Invested In Greek Government Bonds. They Were Heavy Into Irish Banks, Big Into Irish Banks, And They Bought U.s. Subprime Mortgage Bonds.

I Confess Some Part Of Me Thought, If Only I'd Stuck Around, This Is The Sort Of Catastrophe I Might Have Created.

Even As Late As The Summer Of 2006, As Home Prices Began To Fall, It Took A Certain Kind Of Person To See The Ugly Facts And React To Them-to Discern, In The Profile Of The Beautiful Young Lady, The Face Of An Old Witch.