, 5 tweets, 2 min read
I wrote the other day about Wall Street fear and loathing of Elizabeth Warren, suggesting that it has more to do with threatened egos than with money per se 1/
So I remembered a sort of time capsule from the eve of the financial crisis that nicely illustrated how these guys want to be perceived, and retrospectively explains their fury at no longer getting to pose as economic heroes 2/ nytimes.com/2007/07/15/bus…
The thing is, even at the time the idea that financial deregulation had ushered in a golden age of prosperity was flatly contradicted by the data 3/
And of course the financial crisis — which is generally considered to have begun just three weeks after that article was published! — made utter nonsense of their boasting 4/
But they want everyone to forget about the hollowness of their claims to glory; and Warren won't let that happen, which makes her evil in their minds 5/
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