Wall Street & Drugs

I want to know which drugs was Wall Street on. This is not a metaphor. When President Bush said Wall Street had gotten drunk, even he did not know how close he was to the truth. In the 90's, the drug of choice on Wall Street was cocaine. This has been well documented. For example, Mr. Kudlow on CNBC was fired from Bear Stearns for drug use: http://exiledonline.com/less-than-kudlow-is-cnbc-host-suffering-cocaine-relapse/ Less Than Kudlow: Is CNBC Host Suffering Another Cocaine Relapse? By Mark Ames In 1994, Mr. Kudlow make a public confession of his addiction to drugs and alcohol. In 1995: The New York Times checked in on their drugs-are-bad poster boy 15 months later, in July, 1995, and the what they found... Fifteen months ago, Mr. Kudlow made a highly public confession of his drug problem shortly after he was forced to resign as chief economist at Bear Stearns. He also made a fresh career start as a conservative political commentator for television and magazines and said he believed that he had overcome his addiction. …But over the weekend, Mrs. Kudlow petitioned for a divorce and an order to prevent Mr. Kudlow from tapping their Bear Stearn’s retirement account to pay for a weeks-long cocaine binge. “The defendant will use such money to buy cocaine,” she stated in an affidavit, “and in so doing will likely suffer a fatal overdose and will dissipate the only remaining liquid marital assets.” So now to the present. Do you think it was all the thrill of risk taking that drove them on? And the bonuses! How much of those bonuses used to go to, and still go to drugs? Unless sometime between the 90s and now, all of Wall Street went temperance and got on the wagon, a lot is used for drugs and booze. How much of the Crisis is due to drugs? Why has it not been mentioned? It hasn't been mentioned because everyone on the East Coast knows about it, and they know the rest of the country will go ballistic if they find out: a real atom-bomb tea party for Mr. Santelli...whose parent company, GE, accepted government money even as he railed against helping home owners. These things are known by those near to what's going on. Consider Mr. Kudlow: now that you think about it, you know that every bloody Republican and conservative back then knew he was skiing cocaine at every chance. They did not care. Consider George Roche III: while he was the top Republican fund raiser and pushing conservative thought, he was having a 19 year affair with his son's wife; you know that by year 5, everybody nearby knew what the deal was. But, the more outrageous it is, the quieter they are. What sudden change of moral fiber caused the present day people on Wall Street not to do drugs? What religion was it? The rest of the country might want some of that stuff. There was no change. There were drugs, and there were plenty of them. If we start talking about them now, it would blow the country apart. Let sleeping dogs lie.