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04/22/09 - A Los Angeles Roman Catholic Calls Roger Cardinal Mahony A "Faux Humanitarian"

From:  Henri Rousseau (e-mail him)

Re: Steve Sailer's Blog: Maureen Dowd: "Blue-Eyed Greed"

For years, blue eyes have been very out of fashion on Wall Street to the point of obvious and systemic discrimination.

During the era I lived in Manhattan, the overwhelming ethnic profile of banking and the New York Mayor's office Manhattan was "Mediterranean White." This extended to Washington D.C. appointments,  some of whom came from those communities.

But note now: 

• Citibank: Sandy Weill/Chuck Prince—Jewish, passed the top job to Vikram Pandit. Indians are often compared with Jews for their "super-achieving" status.
   
• Morgan Stanley, Credit Suisse —John Mack, a Lebanese-American who told Credit Suisse employees he wanted the company to be "the employer of choice for women and minorities"
   
• Goldman Sachs, a traditionally German-Jewish management.
   
• Merrill Lynch - known as the Irish Catholic bank until it elected its disastrous black Chief Executive Officer, Stanley O'Neal.
   
• Richard Fuld (ex-Lehman Brothers)—Jewish. Lehman was a notoriously arrogant Jewish firm when I worked on the Street.
   
• Barclays Capital—Tom Kalaris a Greek who once boasted to a group of MBAs about "the end of Anglo-Saxon banking." I heard him say it.

 Further supporting my views is the April 13^th 2005  Jim Cramer article published in his magazine and titled: "Wrong! That's Not Blue Blood Running Morgan Stanley."

Cramer wrote:

"Last I looked, Lloyd Blankfein, Richard Fuld, Stan O'Neal, Jimmy Cayne and Sandy Weill weren't Skull-and-Bones guys. The only place where there was even a hint of blue blood the whole time I worked on Wall Street was at Morgan, and that got swept away years ago.

"We are reviled for much on Wall Street but one thing we are pretty good at is having a meritocracy of numbers. You deliver the numbers no matter what race, color or creed you are, you're moving up. You blow the numbers away, you are king. You mess up on the numbers, you are supposed to be gone.

"And that's the true irony in this Morgan Stanley story. The guys departing Morgan Stanley now aren't Bones types at all. They left long ago. The guys departing now are the numbers guys. That's the real irony."

This time around, some more of the Mediterranean white country club members messed up the numbers real big. They're gone, too.

But Mack and Pandit are still there.

So much for the meritocracy theory.

Rosseau is a naturalized United States citizen and an engineer by trade. Rousseau, who speaks five languages and works for a multinational corporation, lives in a major metropolitan area.