the greatest depression

For John Paulson and Friends, the Gilded Age Hasn’t Ended

We don’t know how the Times’ Andrew Ross Sorkin survived the party hedge-funder John Paulson held at the Metropolitan Club last night. We could barely make it through the following sentence without going into spasms: “Mr. Greenspan spoke while guests dined on a three-course meal — preceded, of course, by a cocktail reception featuring Krug Grand Cuvee champagne and 2006 Chassagne-Montrachet from Domaine Marc Morey. For dinner? Jumbo crabmeat & avocado, paired with 1999 Haut-Brion; and Colorado rack of lamb with tarragon jus and parmesan polenta cake, paired with 1999 Chateau Margaux and 1999 Lafite-Rothschild (which can fetch more than $500 a bottle).” [DealBook/NYT]

For John Paulson and Friends, the Gilded Age Hasn’t Ended