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Tom Wolfe: Where Are The Masters Of The Universe Now
I found the answer surprising and sickening.
From Today's NYT:
It may dash your hopes for that nice warm feeling called Schadenfreude, but the Masters of the Universe are smarter than the people they left behind at the investment banks. Their hedge funds have blown up here and there, but unlike the investment banks, they are still very much in business. They have hurriedly pulled themselves into defensive positions inside their shells, like turtles. Their Armageddon, if any, will not come for two more days, which is to say, Tuesday, Sept. 30.
Here's a link to Wolfe's essay:
http://www.nytimes.com/2008/09/28/opinion/28wolfe.html?ref=opinion
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