The arrogant pricks who ran Wall Street firms mistook their self pronounced brilliant results for leverage propelled fake profits. Levering up your firm with toxic un-payable debt made you look brilliant in the short term, but created a debt bomb destined to blow up the world. Greed, hubris, ignorance of the products they were creating, complete lack of risk management, and the immoral culture of Wall Street led to the worst financial crisis in world history. Eisman’s diagnosis of the causes was perfect.
They played the flute for us, and we did not dance; they sang a dirge and we did not mourn.
- Bye-bye West. You are a has-been. Who no longer shares the same ancestors, language, religion, principles, manners, and customs. It has become nothing but a confused mixture of sounds and voices of tumult, turmoil, uproar, bedlam, and clamor.