Monday, May 23, 2011

The Sexual Underground Of Bankers

My colleague Mike Whitney asks: “So, what are the chances that Strauss-Kahn will get a fair trial now that he's been blasted as a serial sex offender in about 3,000 articles and in all the televised news reports?

Do you remember any Wall Street bankers being dragged off in handcuffs when they blew up the financial system and bilked people out of trillions of dollars?"

The answer to both questions is certainly Non in French or No in English, but there’s more to the connection between Sex and Wall Street. Without commenting on the evidence in this case—which has been asserted, not proven-- there is a deeper context that is being ignored.

I call it the Testosterone Factor in The Crime of Our Time, my book about how Wall Street criminally engineered the financial crisis.

Interesting isn’t it that there have been so few references to the link between the pervasiveness of salacious sex and the highly-charged life of a class of “entitled” wealthy bankers who live off of others with few rules or restraints.


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