I think Calvin Trillin--or at least his bar-room companion--is really on to something here: “The financial system nearly collapsed,” he said, “because smart guys had started working on Wall Street.” ... I reflected on my own college class, of roughly the same era. The top student had been appointed a federal appeals court judge — earning, by Wall Street standards, tip money. A lot of the people with similarly impressive academic records became professors.
Fed minutes show FOMC considered increasing purchases of mortgage securities. Calvin Trillin on super smart Wall St. workers and their dim bosses. What Obama did in his first 12 days to earn a Nobel nomination. Older workers are more likely to declare bankruptcy. How naming your baby is like momentum trading. Correlation of the day: A person's income and believing U.S. healthcare is #1. And the Dow finally clears 10,000 again.
I don't much like their Nation. And it, for that matter, doesn't like our nation. But, every so often, Calvin Trillin writes something that tells truth to his own. What Whoopi Goldberg ('Not a Rape-Rape'), Harvey Weinstein ('So-Called Crime') et al. Are Saying in their Outrage Over the Arrest of Roman Polanski Deadline Poet By Calvin Trillin October 7, 2009 A youthful error?