July 26, 2010

Quote: Michael Lewis – 2

Another quote from Michael Lewis, in addition to the one below, also in The Big Short:

The ability of Wall Street traders to see themselves in their success and their management in their failure would later be echoed, when their firms, which disdained the need for government regulation in good times, insisted on being rescued by government in bad times.  Success was individual achievement; failure was a social problem.

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