Cocaine-Ravaged Buffoons

[ZARDOZ]

"a drug that results in intense bouts of over-exuberance as well as a tendency to talk extremely convincingly about stuff you know nothing about"

Should we have a CUK drug amnesty?

[NickFitz]

Yes, it's our beloved bankers in the news - well, in a blog post by a chap from the City - again:

"Everyone accepts that a credit bubble occurred in the mid-noughties and that it was a direct result of what the former US Federal Reserve chief Alan Greenspan has referred to as "irrational exuberance". It could also be argued that traders would be better able to sell absurdly complicated financial weapons of mass destruction after taking a confidence-boosting narcotic such as cocaine. Furthermore, surely only cocaine-ravaged buffoons would actually buy billions of dollars worth of mortgage-backed securities when they were so clearly doomed to explode the minute the property boom stalled."

Did cocaine use by bankers cause the global financial crisis? | Business | The Guardian