Welcome to Buster's Blog

Irregular commentary on whatever's on my mind -- politics, sports, current events, and life in general. After twenty years of writing business and community newsletters, fifteen years of fantasy baseball newsletters, and two years of email "columns", this is, I suppose, the inevitable result: the awful conceit that someone might actually care to read what I have to say. Posts may be added often, rarely, or never again. As always, my mood and motivation are unpredictable.

Buster Gammons















Tuesday, February 18, 2014

The Privileged Class Enjoying Its Privileges


"Once we made it to the lobby, [they] reassured me that what I’d just seen wasn’t really a group of wealthy and powerful financiers making homophobic jokes, making light of the financial crisis, and bragging about their business conquests at Main Street’s expense. No, it was just a group of friends who came together to roast each other in a benign and self-deprecating manner. Nothing to see here."
-- from Young Money, by Kevin Roose




Did you know there is an exclusive secret Wall Street fraternity for wealthy financiers called Kappa Beta Phi?  (Phi Beta Kappa in reverse.  Cute, huh?)  A reporter sneaked into their private annual dinner to observe the privileged class enjoying its privileges.  Kevin Roose's evening amidst the elite is recounted in his new book, Young Money.  He sums it up this way:  "When you're a member of the fraternity of money, it can be hard to see past the foie gras to the real world."

For more on Roose's party-crashing experience, click the link.  It's a good read, with more photos and some audio, too.

http://nymag.com/daily/intelligencer/2014/02/i-crashed-a-wall-street-secret-society.html


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