In the Seventh Year
The New York Times
September 11, 2008
Op-Ed Columnist
By ROGER COHEN
And in the seventh year after the fall, the dust and debris of the towers cleared. And it became plain at last what had been wrought.
For the wreckage begat greed; and it came to pass that while America’s young men and women fought, other Americans enriched themselves. Beguiling the innocent, they did backdate options, and they did package toxic mortgage securities and they did reprice risk on the basis that it no more existed than famine in a fertile land.
Thereby did the masters of the universe prosper, with gold, with silver shekels, with land rich in cattle and fowl, with illegal manservants and maids, with jewels and silk, and with Gulfstream V business jets; yet the whole land did not prosper with them. And it came to pass, when the housing bubble burst, that Main Street had to pay for the Wall Street party.
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