Sunday, October 30, 2011

The Zeros- The Decade Wall Street Went Insane

We present the first 3 parts of a series examining The Zero's- The Decade Wall Street Went Insane.
"Every single day the opportunity exists to make a heck of a lot of money- to become a new millionaire.  New millionaires are created every single day in the marketplace."

In the beginning it all just seemed so surreal- it seemed like this world cant't be true. And in the end of course, I knew it wouldn't be true.  But in the middle....we were in a mania, and it was impossible not to get caught up in some of it."

At the turn of the millennium, Randall Lane, former head of Forbes' Washington bureau, knew what this decade would be about. He started Trader Monthly -- a slick glossy magazine that was to become the GQ of Wall Street. It portrayed a glamorous world of yachts and private jets, fine wines and lavish mansions. Meanwhile, trading floors were functioning like giant casinos, and the banking community was gambling with the average Joe's savings.

 Lane and his company got caught up in the madness. They had front row seats to the vast wealth of Wall Street -- and they dreamed that some crumbs would fall their way.
 A morality tale uniquely fitted for our times, "The Zeroes" cuts to the heart of what drove America to believe in dreams too good to be true.