Tuesday, September 30, 2008
WALL STREET- R.I.P.
A world of big egos. A world where people love to roll the dice with borrowed money. A world of tightwire trading, propelled by computers.
In search of ever-higher returns — and larger yachts, faster cars and pricier art collections for their top executives — Wall Street firms bulked up their trading desks and hired pointy-headed quantum physicists to develop foolproof programs.
read ny times article