I Get Mail
I got an email regarding my recent column in the YDN – I have reproduced it below along with my response (formatting intact, email address redacted).
On Fri, Mar 27, 2009 at 1:22 PM, <M—–@aol.com> wrote:
Assuming that you are not practicing for a job at The Onion, I find it ridiculous that a Yalie should write such a dumb defense of Wall Street at the moment it has collapsed from its own incompetence, greed and criminality.
The sole purpose of the finance sector is to make the most possible money with money rather than providing any tangible product or service. This is accomplished by endlessly leveraging real or fake financial instruments. The result, invariably and predictably, is an asset bubble which eventually bursts bringing pain and destitution to innocent people. In other words, the finance sector is self-destructing. To the extent that they have made their fortunes, those in the finance sector don’t give a damn about the wreck and ruin they leave behind. Vultures and hyenas work hard, too. Your notion of the American dream reads like something out of the Sopranos.
G. Merner, one of the mob
My response below the fold.