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The Wall Street Mind: Oblivious

Scaramucci is the kind of person who will happily spend real money to have SkyBridge Capital show up in Wall Street: Money Never Sleeps as the fictional sponsor of a fictional charity ball at the Metropolitan Museum.He was also the guest of honor at a (real) $1,500-a-head charity gala at Cipriani 42nd Street in March, at which he was awarded the Hedge Funds Care Award for Caring.

It’s clear that we’re back where Wall Street is most comfortable. Opportunities abound for the rich and well-connected, from Goldman’s offering of coveted shares in Facebook to JPMorgan’s possible plan to give privileged access to shares in Twitter.

Meanwhile, in the real world, the one devastated by Wall Street’s disastrous financial miscalculations, paranoia is on the rise, with rage at the blithe technocrats in charge of the country making the tea party the most powerful voice in Republican politics. The unemployment rate is still near 9 percent, home prices continue to drop, and the number of people out of work for over a year are near an all-time high.

The bankers know these numbers, but they don’t feel them; instead, they trade them. First Friday of the month, the new unemployment figures will be coming out. Is it up, or is it down? Call it right, and you could make millions. And deserve every penny.


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