• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Cocaine-Ravaged Buffoons

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    Cocaine-Ravaged Buffoons

    Yes, it's our beloved bankers in the news - well, in a blog post by a chap from the City - again:
    "Everyone accepts that a credit bubble occurred in the mid-noughties and that it was a direct result of what the former US Federal Reserve chief Alan Greenspan has referred to as "irrational exuberance". It could also be argued that traders would be better able to sell absurdly complicated financial weapons of mass destruction after taking a confidence-boosting narcotic such as cocaine. Furthermore, surely only cocaine-ravaged buffoons would actually buy billions of dollars worth of mortgage-backed securities when they were so clearly doomed to explode the minute the property boom stalled."

    Did cocaine use by bankers cause the global financial crisis? | Business | The Guardian

    #2
    "a drug that results in intense bouts of over-exuberance as well as a tendency to talk extremely convincingly about stuff you know nothing about"

    Should we have a CUK drug amnesty?

    Comment

    Working...
    X