From a friend and successful investor, a list of winners and losers a year after the financial crisis. Agree, disagree, other? (And sorry about formatting — no time to put this in proper HTML table.)
Huge Winners Taleb, Roubini, J. Paulson Foresaw crisis coming, warned about it publicly, made lots of money being right.
Total Losers Fuld, Cayne, Greenberg Blinded by greed, took crazy risks and blew up their venerable firms.
Winner Ben Bernanke Cluelessness prior to financial crisis now eclipsed by salutory short-term effects of decisive, creative policies
Loser Obama Elected on promise of change, instead throws hundreds of billions to Wall St and hopes they police themselves.
Loser Goldman, Sachs Once ultimate status symbol as home for best and brightest, now a vampire squid.
Loser H. Paulson, Rubin Any pretense of public service shattered by banana republic-like pro Goldman policies.
Winner China What crisis? GDP growth back to 8%!
Winner George Bush Responsible for Iraq War, world’s first trillion dollar blunder. After last year, the waste of a trillion dollars now totally unremarkable.
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