Skip to Main Content
The Financial Crisis in Perspective (Collection)
book

The Financial Crisis in Perspective (Collection)

by Satyajit Das Mark Zandi John Authers
May 2012
Beginner content levelBeginner
1040 pages
27h 16m
English
Pearson
Content preview from The Financial Crisis in Perspective (Collection)

21. Financial Nihilism

When bankers say that it’s not about the money, it may even be true. Ron Beller, a Goldman Sachs partner, was one of a group of bankers who had more than £4 million stolen from them by Joyti De-Laurey, their secretary. The bankers made so much money that they did not notice the theft of large amounts for many years.

Ceasing to be ordinary—anyone with a net worth less than $100 million—elite bankers discovered that they actually had always been art experts, public intellectuals, men or women of letters, or all of these. Their ambition rivaled that of Salvador Dali: “At the age of six I wanted to be a cook. At seven I wanted to be Napoleon. And my ambition has been growing steadily ever since.”1 As poet T.S. Eliot knew: “Most ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

The Escape from Balance Sheet Recession and the QE Trap: A Hazardous Road for the World Economy

The Escape from Balance Sheet Recession and the QE Trap: A Hazardous Road for the World Economy

Richard C. Koo

Publisher Resources

ISBN: 9780133087536