{"id":274,"date":"2010-12-18T22:10:31","date_gmt":"2010-12-19T03:10:31","guid":{"rendered":"http:\/\/chcollins.com\/100Billion\/?p=274"},"modified":"2023-10-11T21:36:12","modified_gmt":"2023-10-12T01:36:12","slug":"tony-soprano-investment-banker","status":"publish","type":"post","link":"https:\/\/chcollins.com\/100Billion\/2010\/12\/tony-soprano-investment-banker\/","title":{"rendered":"Tony Soprano, Investment Banker"},"content":{"rendered":"<p>This is a short recommendation for the book &#8220;<a href=\"http:\/\/www.amazon.com\/gp\/offer-listing\/1591843634\/ref=dp_olp_used?ie=UTF8&amp;condition=used\">All The Devils Are Here<\/a>&#8221; by McLean and Nocera, the story of the players and events leading to our recent financial mess. \u00a0 I&#8217;m 90% of the way through, but I don&#8217;t need to read more to conclude that our financial system is a rigged game, run by what I call &#8220;fee-mongers.&#8221; Fee-mongers move money to make money, that&#8217;s their business, that&#8217;s all it is about, generating fees and bonuses.\u00a0 I suspect (no, I am convinced) that those responsible for our crisis are even now concocting new ways to get the <a href=\"http:\/\/www.youtube.com\/watch?v=HCkmbD75a6U\">money-go-round<\/a> spinning again, with the cooperation of their friends in the regulatory and ratings agencies.<\/p>\n<p>CDO&#8217;s, SIV&#8217;s, GSE&#8217;s and Triple-A tranches do not make for light reading but the book has been an eye-opener for me.\u00a0 I&#8217;m mulling our response to it, in terms of our family finances.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is a short recommendation for the book &#8220;All The Devils Are Here&#8221; by McLean and Nocera, the story of the players and events leading to our recent financial mess. \u00a0 I&#8217;m 90% of the way through, but I don&#8217;t &hellip; <a href=\"https:\/\/chcollins.com\/100Billion\/2010\/12\/tony-soprano-investment-banker\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,59],"tags":[],"class_list":["post-274","post","type-post","status-publish","format-standard","hentry","category-book-notes","category-finance"],"_links":{"self":[{"href":"https:\/\/chcollins.com\/100Billion\/wp-json\/wp\/v2\/posts\/274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chcollins.com\/100Billion\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chcollins.com\/100Billion\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chcollins.com\/100Billion\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/chcollins.com\/100Billion\/wp-json\/wp\/v2\/comments?post=274"}],"version-history":[{"count":14,"href":"https:\/\/chcollins.com\/100Billion\/wp-json\/wp\/v2\/posts\/274\/revisions"}],"predecessor-version":[{"id":31284,"href":"https:\/\/chcollins.com\/100Billion\/wp-json\/wp\/v2\/posts\/274\/revisions\/31284"}],"wp:attachment":[{"href":"https:\/\/chcollins.com\/100Billion\/wp-json\/wp\/v2\/media?parent=274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chcollins.com\/100Billion\/wp-json\/wp\/v2\/categories?post=274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chcollins.com\/100Billion\/wp-json\/wp\/v2\/tags?post=274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}