Saturday, October 4, 2008

The End of Infatuation?

The New York Times has an interesting piece on how the current financial crisis might portend an end of an era on Wall Street.

Money quote: “It’s the beginning of the end of the era of infatuation with the free market,” said Steve Fraser, author of “Wall Street: America’s Dream Palace,” and a historian. “It’s the end of the era where Wall Street carries high degrees of power and prestige. And it’s the end of the era of conspicuous displays of wealth. We are entering a new chapter in our history.”

I'm not so sure that Americans will be able to reign in their bling, but it sure would be nice to see.

No comments:

Post a Comment

Please tell me what you think.