BANZAI7 NEWS--Calvin Trillin wrote a cute Op Ed for the NYT this week. The subject was how Wall Street went wrong. His suggestion, the "smart guys" suddenly arrived on the street and the good old dummies running the banks were too dumb to understand the new financial technology, except that it made loads of kwan.
Here is WilliamBanzai7’s explanation. Three events coincided to create the perfect financial storm on Wall Street,
(1) the collapse of the Soviet block obviated the need for physicists in the “Star Wars” program,
(2) the advent of personal computing and
(3) the release of the movie “Revenge of the Nerds”.
"The Nerds sold me naked!!!"
The rest is history.
Subscribe to:
Post Comments (Atom)
.jpg)
Posts
No comments:
Post a Comment