Tuesday, May 18, 2010


The ancient Greeks used the term hubris to describe the quality or aspect of someone who challenged the gods and their laws. Hubris would lead to the downfall of the person or persons and it usually occurred in Greek tragic plays.

Well, nowadays, a modern tragedy is taking place. I am not sure which side to favor, or which argument is more or less correct, but I do know that quotes like these…

“Doing God’s work.”

Mr. Lloyd Blankfein, of Goldman Sachs

“Well, what if we created a thing, which has no purpose, which is absolutely conceptual and highly theoretical and which nobody knows how to price?"

Mr. Fabrice Tourre, of Goldman Sachs

…are the stuff of hubris. Is the downfall of these gentlemen next?

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