Financial Crisis Politics

Wall Street Exec: “I’d almost rather say I’m a pornographer.”

[digg-reddit-me]David Segal of The New York Times interviewed a former Wall Street executive who wished to remain anonymous for his article on how “Wall Street” has become a financial epithet. The executive said:

I’d almost rather say I’m a pornographer.  At least that’s a business that people understand.

The self-pity is unbecoming – and the lack of an acknowledgement of responsibility is not surprising. After all – it was indecent greed and irresponsibility that got Wall Street into such trouble.

What’s funny is – I think this anonymous executive is right. Whether in New York or Topeka, a pornographer is now held in more esteem than a Wall Street banker.