It’s always been a subject of abiding interest, and now London’s Sunday newspaper, The Observer, is doing a series of articles/sketches about it. Read more

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It seems odd now — with Citibank boss Vikram Pandit saying that he will take a $1 salary and no bonus because of the downturn — to think of a time when go-getting stockbrokers and investment bankers would go into paroxysms of anxiety, self-doubt and depression at the news of a $400,000 bonus. Michael Lewis’s sharp and oddly prescient The Money Culture, first published in 1991, gives us a trenchant, sardonic portrait of that vanished age. Read more

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