Michael Lewis author of the BEST explanations and history of the events, psychology and immoral, unethical and most of all, AMORAL behaviors leading up to the Sept 2008 catastrophe, the BIG SHORT - writing as adviser to the 1%
Explaining why #occupy turned out to be a more than compete joke, but also why the 1% is in trouble
Another money quote:
Anyone with the ability to organize large numbers of unsuccessful people has been diverted into Wall Street jobs, mainly in the analyst programs at Morgan Stanley and Goldman Sachs.
And then.... while FUNNY, Ellis Wyatt emerges
A dollar in our pocket they viewed hopefully, as, perhaps, a few pennies in theirs. They appear to have switched this out of their minds for a new picture, of a life raft with shrinking provisions. A dollar in our pockets they now view as a dollar from theirs. Fearing for their lives, the Lower 99 will surely become ever more desperate and troublesome. Complaints from our membership about their personal behavior are already running at post-French Revolutionary highs.
We on the strategy committee see these developments as inexorable historical forces. The Lower 99 is a ticking bomb that can’t be defused. They may be occasionally distracted by, say, a winning lottery ticket. (And we have sent out the word to the hedge fund community to cease their purchases of such tickets.) They may turn their anger on others -- immigrants for instance, or the federal government -- and we can encourage them to do so. They may even be frightened into momentary submission. (We’re long pepper spray.)
In the End
But in the end we believe that any action we take to prevent them from growing better organized, and more aware of our financial status, will only delay the inevitable: the day when they turn, with far greater effect, on us.
Hence our committee’s conclusion: We must be able to quit American society altogether, and they must know it.
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