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The economy collapsed when Lehman Bros. went bankrupt on September 15, 2008. Joe Wiesenthal of Clusterstock has now brought to the public`s attention the real villain behind the economic crash. On p. 120 of Andrew Ross Sorkin`s book Too Big to Fail, in a discussion of Lehman`s president Joseph Gregory:
He loved being the in-house philosopher-king, an evangelist on the subject of workplace diversity and a devotee of the theories described in Malcolm Gladwell`s bestseller Blink. He gave out copies of the book and had even hired the author to lecture employees on trusting their instincts when making difficult decisions. In an industry based on analyzing raw data, Gregory was defiantly a gut man.
Now that I think about it, I realize I always had a gut feeling that, somehow, it was all Malcolm`s fault. If only I`d trusted my instincts, like he told me to in Blink … Imagine how much money I could have made shorting the stocks of companies that had hired Malcolm to give speeches!
