HEADLINE
Tom Wolfe on boorish hedge fund managers
STORY
Tom Wolfe Does It Again.
A few months ago, Tom Wolfe published an amazing piece in Portfolio magazine (now available online) about hedge-fund managers — specifically, about why people who are so young and have made more money than God seem to be so angry and ill-mannered.
For a local example you might look at how Supervisor-Wanna-Be Joe Carvin acts at the Rye Town Board Meetings held at 10 Pearl Street in Port Chester.
It seems you can’t buy class.
Tom Wolfe, is one of America's best sociologists, because he writes about class and status. In "The Pirate Pose " we get an inside look at how hedge fund managers act and think.
Tom Wolfe has written about Wall Street types before in his best selling "Bonfire of the Vanities". He concludes that the Wall Street "Masters of the Universe" today are more bad mannered than ever.
This piece by Tom Wolfe is a good read for anyone who (1) likes Tom Wolfe's writing (2) is fascinating by the clash between new money and old money, or the clash between new money with mere human beings who get in new money's way; or (3) is as worried as I am about hedge funds.
With his usual vividness, Wolfe writes about the sociology of hedge-fund managers.
Tom Wolfe unloads the sort of wickedness of which only he is capable upon the deserving heads of the New Masters of the Universe - hedge fund managers!
A sample to give you a flavor of it:
"While fathers all over America tend to become overzealous, even violent, these days in trying to turn their children into little sports superstars, in Greenwich a father who is one of these people will try to take control of every element in a game: his child’s teammates, their coach, the opposing team’s coach, its players, and most definitely the referees. In a famous instance, one of these people came to watch his teenage daughter play in an ice hockey game against a team from neighboring Port Chester, New York, a town known in Greenwich as the place where one’s plumbers, electricians, computer swamis, roofers, glaziers, air-conditioning mechanics, wall-to-wall-carpet humpers, and household servants live. The man began bellowing so loudly, nobody at the rink could shut out the sound. He upbraided the referees for their poor eyesight and worse judgment. He told his daughter’s coach how to play her and all her teammates and kept him abreast of his mistakes in strategy. He scolded the Port Chester coach and the players for their incessant cheating and malicious roughness.
This is just like a Rye Town Board Meeting where Supervisor-Wanna-Be Joe Carvin will try to take control of every element in the public meeting: the press (Richard & Bernie Able Of The Westmore Snooze), a trustee (Billy Vilanova), the Republican Party, the Cablevision TV Video Camera , and will rudely interupt the Rye Town Supervisor, while trying to dominate the meeting.
Watching Supervisor-Wanna-Be Joe Carvin at a Rye Town Board meeting you get the feeling that he will say or do anything to gain control over disbursing property and school taxes. You wonder if bad things will come to Port Chester if the greedy one gains control of the Rye Town Board Of Trustees.
But this is not fiction a Low Class Greedy Hedge Fund Guy could soon be in charge of your property and school taxes.
The thing that most readers take away from Wolfe's piece is that the end is nigh. More precisely, things are cyclical, and the cycle is about to turn. Whenever a group of businesspeople feels so entitled, so superior, and--here's the main point--is so disconnected from actually creating value, I don't usually have to wait too long for their "uppance to come." Like NASDAQ millionaires before the 2000 crash, these people are making tons of money by convincing gullible people to pay them huge fees for outsmarting the market. In the long run, though, it never works. The money and expectations keep flowing in long after all of the real money-making opportunities have been snapped up; people let their greed get the best of them; and things end unhappily for anyone who doesn't get out in time.
Tom Wolfe is the best America has to offer on reporting about the human animal's fixation on status.
If Joe "The Greedy One" Carvin succeds in gaining control, you he will get the status that he is fixated on and the single family homeowners of Port Chester will get the huge tax increases
This election is all about Joe "The greedy One" Carvin trying to legitimize himself by grabbing status at the expence of single family homeowners.
Source: True Blue Conservative Review
Publication Date: August 07, 2007
Reporter: Brian Harrod
1 comment:
Remember:
The True Blue Conservative was the first Port Chester newspaper to report that the Home Depot sized BMW Service center on Midland Avenue had no Certificate Of Occupancyor funtioning fire alarms.
Further, The True Blue Conservative was the first Port Chester newspaper to report that the BMW service center failed to pay Port Chester over $100,000 for a 12 Million Dollar Building Permit.
Later these facts appeared in the Westmore News.
However, the Village Of Port Chester has failed to get Port Chester Building Inspector Lenny Cusamano to collect the $100,000 for Port Chester Development Consultant Gary Gianfrancesco's largest commercial client BMW.
*******************
The True Blue Conservative was the first and only Port Chester Newspaper to report that ex-Westmore News Cheif Polster and part-time columnist Bart "The Bigot" Didden had no Certificate Of occupancy for his Main Street Offices, even though he sits on the Port Chester Planning Commission.
The True Blue Conservative also uncovered the fact that the Port Chester Planning Board set up an illegal exchange server and held illegal meeting on the exchange server that was located at Didden's Company USA Cental Alarm.
This was confirmed by documents provided by the Village Of Port Chester. The Port Chester Village Attorney ordered the exchange server shut down.
*******************
The True Blue Conservative was the first Port Chester Newspaper to report that Port Chester paid Rye City Republican Chairman Anthony Piscionere over $500,000 for a one day hearing in White Plains.
Piscionere lost the one day hearing and the March Port Chester Trustee elections were cancelled
Later the Journal News and the Westmore News confirmed these True Blue Conservative Review reports.
*******************
The True Blue Conservative was right that the racist Republican election flyer was produced by the ex-Westmore News Poolster and part-time Columnist Bart "The Bigot" Didden.
The True Blue Conservative was right that ex- Port Chester School Board President Dominick Bensivenga and Trustee John Crane were involved with Bart "The Bigot" Didden's racist flyers.
Later, the United States Justice Department, the Journal News and the Westmore News eventualy confirmed that the True Blue Conservative's Reports.
******************
The True Blue Conservative Review was the only Port Chester Newspaper to report that Trustee John Crane annonced at a Cesar Ruiz party that he was leaving the Republican Party to become a Port Chester Independent like Cesar Ruiz.
The True Blue Conservative Review was also the only Port Chester Newspaper to report that Trustee John Crane kept his promise and left the Republican Party to join Cesar Ruiz's Independence Party.
The Journal News and Westmore News apparently do not know that Port Chester Trustee John Crane has left the Republican Party.
In fact news reports still refer to Trustee John crane as being a Republican.
*******************
The True Blue Conservative Review is the only Port Chester Newspaper to report that Gary Gianfransico had been paid over 1 Million Dollars for the Horton School fiasco.
Apparently, the Journal News and the Westmore News apparently still do not know about this.
*******************
The True Blue Conservative was right about all of the above items and is right about Joe "The Greedy One" Carvin.
The True Blue Conservative has recieved several peices of information concerning Joe "The Greedy One" Carvin and is currently investigating these news tips.
Post a Comment