Word: eisman
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Dates: during 2000-2009
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...years into the Great Recession, it's time to face the truth: optimism feels good, really good, but it turns out to be the methamphetamine of run-amok American capitalism. Meth induces a "Superman syndrome." Optimism fed into what Steve Eisman, a banking analyst who foresaw the crash, calls "hedge-fund disease," characterized by "megalomania, plus narcissism, plus solipsism" and the belief that "to think something is to make it happen." The meth-head loses his teeth and his mind; the madcap optimists of Wall Street lost something like $10 trillion worth of pension funds, life savings and retirement accounts...
...Steven Eisman helps dissolve the unions of mostly wealthy clients in Nassau County, N.Y. In the traditional thinking about the recession-led split, non--wage earners "who were willing to stay in a less-than-perfect relationship become less willing once the credit cards are taken away," he says. But recently some lawyers have noticed that as stock prices have plunged, they've gotten inquiries from business owners and investors looking to unhitch now, with the idea that being poorer on paper will work to their advantage when dividing assets...
...genetic studies are still preliminary, but if confirmed, they could lead to a simple screening test that would alert vulnerable people at a young age, early enough for them to take steps that could help ward off the disease. Says Dr. John Eisman, who led the groundbreaking research at the Garvan Institute & of Medical Research in Sydney: "I envision a woman going in for a blood test, which will become as routine as a cholesterol check, to assess her bone density and risk for osteoporosis...