Whither the Spoiled Children of Finance?

This morning I discussed the fact that half the working adult population over 45 years old has less than 25 grand saved so far for retirement. This afternoon, let’s visit a different tragedy in-the-making, one of expectation adjustment and the king of all reality checks.

Here’s Michael Lewis at Bloomberg:

I didn’t go looking for the kid. He found me. Of course, it stood to reason, with what’s been happening on Wall Street, that the children of Greenwich, Connecticut, must be taking a serious financial hit.

The end of cash bonuses, the ramping up of financial regulation, the shrinking of the Goldman Sachs analyst pool, Chelsea Clinton’s confessing that she quit her Wall Street job to find meaning in life: Wherever you turn, you find signs that an era in which a lot of children were paid to keep quiet is grinding to an end.

Maybe the game is over; maybe it isn’t. But one thing is certain: If you are 12 years old, and your dad works on Wall Street, it’s a lot less likely Beyonce will be singing at your 13th birthday party.

Keep Reading:

What's been said:

Discussions found on the web
  1. immediate edge crypto commented on Sep 28

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2012/10/12/whither-the-spoiled-children-of-finance/ […]

  2. bitcoin loophole review commented on Sep 29

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2012/10/12/whither-the-spoiled-children-of-finance/ […]

  3. td canada trust easyweb commented on Nov 17

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2012/10/12/whither-the-spoiled-children-of-finance/ […]

  4. garage door repair kanata commented on Nov 18

    … [Trackback]

    […] Find More Information here to that Topic: thereformedbroker.com/2012/10/12/whither-the-spoiled-children-of-finance/ […]

  5. real-primewire.club commented on Nov 30

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2012/10/12/whither-the-spoiled-children-of-finance/ […]

  6. how much does a drum kit cost commented on Dec 09

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2012/10/12/whither-the-spoiled-children-of-finance/ […]

  7. 토렌트사이트 추천 commented on Dec 19

    … [Trackback]

    […] Find More on on that Topic: thereformedbroker.com/2012/10/12/whither-the-spoiled-children-of-finance/ […]

  8. buy Dexedrine online commented on Jan 12

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2012/10/12/whither-the-spoiled-children-of-finance/ […]

  9. boat with Captain commented on Jan 15

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2012/10/12/whither-the-spoiled-children-of-finance/ […]

  10. software testing solutions commented on Jan 16

    … [Trackback]

    […] Here you can find 77471 additional Information to that Topic: thereformedbroker.com/2012/10/12/whither-the-spoiled-children-of-finance/ […]

  11. Asus P7H55 manuals commented on Jan 22

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2012/10/12/whither-the-spoiled-children-of-finance/ […]