Wall Street: Profiles in Panic
It may be premature to say our gilded age has ended. Third Point dropped 10 percent in October, bringing it down 27 percent for the year, but Daniel Loeb is still moving into his extravagant new apartment. Steven Cohen’s SAC was down 11 percent in October and 18 percent for the year to date, but that still leaves him plenty of money to add a second ice-skating rink to his Greenwich, Connecticut, estate. And Larry Gagosian is still selling plenty of art. Full Story »
Posted by Kaizar Campwala
It reads like "The Great Gatsby". But given the outrageous degree of their criminal behavior and corruption, it's really difficult to work up much sympathy for what's happening to the Wall Street Insiders. After all, the rest of us are experiencing similar fates--albeit on a much reduced scale.