3 YEARS LATER, THE MOTU STILL DON'T GET IT

I noted in November 2008 that the Masters of the Universe were in denial about their causative role in the Great Recession and about their narcissism.  Nothing much has changed:

Insight: The Wall Street disconnect
By Matthew Goldstein and Jennifer Ablan

NEW YORK | Fri Nov 18, 2011 5:44pm EST
REUTERS

In conversations with nearly two dozen current and former bankers, finance professionals and money managers across the United States, the prevailing sentiment is that the anger at Wall Street's elite is misguided and misdirected. Blame the politicians and policymakers in Washington, many of them say, for encouraging people to buy homes they couldn't afford and doing nothing to stop or discourage U.S. consumers from piling on more than $10 trillion in household debt.

William Cohan, the author of several Wall Street-related books and a former Lazard investment banker, said MF Global was acting as if the 2007-2008 crisis never happened: "You would have to be living under a rock if you didn't get the message of the financial crisis."