Last Friday we took the red-eye back from New York following some meetings with quite senior staff at some of the “Masters of the Universe” institutions and on landing we found that we had been volunteered by our domestic management to man a stall at the school fair.... To pass the time and keep awake we found ourselves flicking through a tatty copy of Tom Wolfe’s Bonfire Of The Vanities, which, following our trip and the situation that we had uncovered following the JP Morgan (JPM) trading debacle, seemed oddly appropriate, if not a little concerning.

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