Notes

The Great Seduction

p. vii Reprinted from the New York Times, June 10, 2008. © 2008 The New York Times (www.nytimes.com). All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of the Material without express written permission is prohibited.

Introduction

p. 2 According to the International Monetary Fund, John Cas-sidy, "Loan Rangers," New Yorker, July 28, 2008, 23.

p. 24 I honor and love you: Plato, The Apology available at www.bartleby.com/2/1/1.html.

Chapter 1 Too Much Cost, Not Enough Value

p. 29 Some men wrest a living I have been unable to locate the exact source for this epigram. I have taken the liberty of adding "and with their hands" to the original wording.

p. 31 Most money-making activity Charles T. Munger, speech before the Foundation Financial Officers Group, Santa Monica, CA, October 14, 1998.

p. 36 Mr. Prince was paid Compensation amounts taken from http://oversight.house.gov/documents/20080306165144.pdf.

p. 36 Yet Mr. O'Neal's compensation Compensation amounts taken from http://oversight.house.gov/documents/20080306164458.pdf.

p. 37 James E. Cayne . . . was paid Landon Thomas, "Down $900 Million or More, the Chairman of Bear Sells," New York Times, March 28, 2008, C1, and Andrew Ross Sorkin, "JP Morgan Pays $2 a Share for Bear Stearns," New York Times, March 17, 2008.

p. 38 In 2007 alone, the 50 highest-paid hedge fund managers Jenny Anderson, "Wall Street Winners Get ...

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