Declan Lynch: The only gamblers who never, ever lose
Money-men, who are orchestrating the rise and fall of financial markets, are just having a bet, says Declan Lynch
Published 18/12/2011 | 05:00
Hunter S Thompson described the music business as "a cruel and shallow money trench, a long plastic hallway where thieves and pimps run free, and good men die like dogs". And he added: "There's also a negative side."
Thompson's views on "the markets" and the financial services sector in general are not known. Perhaps not even he had words which could convey the irredeemably evil nature of that industry.
But let us put it like this: the music business may have been a cruel and shallow money trench, but sometimes, at the end of it , they were producing Blood On The Tracks, not Credit Default Swaps or Contracts For Difference.