Charles Gasparino has a post up at the Huffington Post in which he derides the former chief executive of Bear Stearns: "The folly that was found at a firm like Bear Stearns, with its CEO caring more about playing bridge and golf (and allegedly smoking marijuana) than tending to the firm's balance sheet, would never happen at Goldman Sachs." It's one thing for Mr. Gasparino to say this now; back in 2007, he was profiling this same CEO for Trader Monthly as being a "Wall Street icon" at the "pinnacle of his profession" with "one of the most storied careers in American finance" who "built Bear Stearns from the ground up with one key ingredient: guts." It's not only the bankers, in other words, who are prone to posturing; the reporters who cover them aren't immune, either.
Gasparino's Hindsight
https://www.futureofcapitalism.com/2009/11/gasparinos-hindsight
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