Three Sides of the Rat
In case you’ve forgotten, the mission of finance is to increase the quality of life for an increasingly broader population. In general the morals and ethics of individuals in finance is high and their intentions are well. These are people who have labored to bringing housing to those who couldn’t otherwise afford it. These are people that urge responsible and conservative practices of managing personal assets. These are people who work hard to see that goods are fairly priced for the broadest population of consumers. But, popular media likes to portray financiers as rats. They do such a good job of it; this post is dedicated to three stories of the rat.
#1) Man Treated As Rat – The story of Martin Armstrong is a fascinating one that I started following last year. A madman / a genius whose good work and good fortune were taken from him. He has been held in prison under questionable circumstances. He has done some fascinating theories on cycles. He has an absolutely fascinating story to tell. Put down your spy novels and heist movies; this one is a very gripping story. The New Yorker recently covered this. Zero Hedge picked it up shortly after Barry Ritholtz.
#2) Raising of a Rat – This is a story of a young… a very young… Goldman Vice President, Adam Storch, who is now serving as the COO for the SEC!!! As the infamous pen name Tyler Durden of Zero Hedge pointed out, this appointed came 5 days prior to a critical hearing on Dark Pools.
#3) Rat on the Hill – An absolutely brilliant little blog entry on curious tactics of congressman Alan Grayson. If you have a moment to appreciate some exceptional prose, this biting commentary is filled with color.
