If timing is everything, than the timing of Mr. Sorkin's article becomes ever so curious coming just one week after the publication of these humungous sums. There he was, as so often before, trying to steer our focus from the excesses of Wall Street's "Big Money" parade.
There he goes again. Wall Street is fighting tooth and nail to emasculate the Dodd-Frank Bill, focusing its artillery on the Volcker Rule, namely those sections calling for the elimination of proprietary trading by banking institutions.
Wall Street "veteran" Leon Cooperman has written an "Open Letter to President Obama" that provides us with a glimpse into the mindset of our 21st century corporate overlords. What's put a bee in Mr. Cooperman's bonnet is the president's "tone" toward billionaires like himself.
Sorkin's column this week raises a larger point that floats through much of the current discourse about Wall Street and its "investment bankers": the embattled, distrusted, even despised role of the intermediary both on Wall Street and beyond.
In America it takes an apocalypse to get anyone to pay much attention to anything but their craven self-interest. Talking points continue to argue that the post-Lehman, AIG implosion crisis that led to TARP was not really a meltdown, but just a few days of pain.
Andrew Ross Sorkin argues that virtuous Brazilians are akin to "what the fledgling private equity industry circa the 1970s in the United States pursued." That is, before they became greedy barbarians in the '80s.
Not since the $700 billion raid of taxpayer dollars have Washington regulators scurried so quickly to ferret out evidence of collusion between the feds and the nation's major banks. All because of WikiLeaks.
This is the deep background of the financial crisis -- a clear-eyed introduction to the post-industrial jungle with its networks, frictionless interchanges, murky sense of accountability and unexpected consequences.