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Title

The World through Wall Street's Eyes

Description

<a href="http://www.bloomberg.com/apps/news?pid=20601039&sid=aZruAW7s2eLI&refer=home" author="Michael Lewis" source="Bloomberg">Man Up! Hedge-Fund Man’s Advice for Wall Street</a> is a (somewhat) amusing look at the world through the eyes of "typical" trader on Wall Street. This trader is wondering why Wall Street is wasting its time worrying about what the rest of the non-Wall Street-world thinks. Instead, he feels his fellow traders should stick to the plan and stick it to a government that gave them so much money without bothering to force any conditions first. <bq>Think about this. Some fool comes along and gives you $15 billion, no strings attached. The fool doesn’t own you. You own him. Mack needs to stand up and say, 'We at Morgan Stanley are pleased by your investment. Now, if you ever want to see a dime of it back, go away. We’ll call you if we need you.'</bq> As a high-flying captain of Wall Street, you've already ignored or broken most, if not all, of the rules that are the social glue that prevents complete anarchy from breaking out. Now is not the time to grow a conscience. Or, as Lewis puts it: <bq>The main point is that guilt is financially counterproductive. ... [n]o one really liked you when you were making $45 million a year. How do you think they’ll treat you when you’re poor?</bq> It's funny 'cause it's true.