The New York Times, which had the hubris to declare the Great Recession kaput, does demonstrate occasional spasms of intent to inform. A case in point is via its "Dealbook" section, which created a funny, and informative, diagram of financiers prominent during the "slippage" of 2008-2009. (In case you've forgotten, the cast of corporate characters barely or no longer with us includes Bear Stearns, Lehman Brothers, Citicorp, AIG, WaMu, Wachovia, Fannie Mae, Freddie Mac, Merrill Lynch, Countrywide Financial, etc.)
Use Zero Hedge's link to take you directly to the action.
PS. In case you use your NY Times/3-D recession-proof reading glasses on a regular basis, please consider this story from Bloomberg. It reports Meredith Whitney's latest oracular statement: many states will need a federal bailout within the next 12 months. Warren Buffett expressed a similar sentiment earlier this year. Of course, the Great Recession is over. Isn't it?
Extra credit: Bloomberg also has a video segment with Jim Grant, a man with a very interesting, highly independent mind.
The furtive fellow in the photograph is Joseph Cassano, former capo of AIG Financial Products, who gained considerable experience with Drexel Burnham Lambert during Michael Milken's heyday. The Department of Justice earlier this year decided not to pursue criminal charges against Mr. Cassano. Roughly a month after the DOJ announcement, Cassano testified before a House committee investigating various issues impacting the near-collapse of the American financial marketplace in 2008-2009.
