Word: street
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Dates: during 1980-1989
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Some of the following headlines come from the distinguished front pages of The Crimson, Boston Globe, New York Times, and Wall Street Journal within the last month. Others I sort of made...
After 25 years in business in Harvard Square, I wrote Proposition 1-2-3 because it didn't seem fair to me that rich white couples can buy a house from me off Brattle Street, but a poor man can't buy his own apartment on Bristol Street. And a needy couple can't buy their apartment on Broadway...
...most vulnerable species of all is the customer, victimized by salesmen whose bonuses depend on how many questionable securities they can unload. Retribution is the rarest commodity on Wall Street, but in Liar's Poker it makes several appearances. In 1986 the financial action begins to leave Salomon Brothers for other concerns -- and so do many of the best employees. The house that has thrived on hostile takeovers itself becomes a target. Then comes the Crash of '87, when "investors froze like deer in headlights" and hardened professionals were "helpless as they watched their beloved market...
Worst of all for Salomon Brothers, Michael Lewis, who was earning $225,000 a year at the age of 27, overdosed on greed and quit the firm to empty his journals into this brief, knowing and hilarious volume. Alas, its disclosures are not likely to be heeded. The Street provokes a book of revelations nearly every year, but the con men, the customers and the crashes go on. Aside from Lewis, hardly anyone seems to notice that Wall Street has always been a thoroughfare with a river at one end and a cemetery at the other...
They are likely to keep calling as long as foodies like Wall Street banker Dwight Bush continue to indulge their taste for game. "It's something different from your basic pasta and pizza," Bush says. "It's an adventure...