Tuesday, February 01, 2005


I'm reading a good book right now with all the details of the South Sea Bubble... "The Secret History of the South Sea Bubble" by Malcolm Balen. Published by Harper Collins.

This was the very first financial scandal on the Enron scale that was perpetrated by a herd of crooks back in the 1700s. Very good reading.

The thing that occurs to me is that nothing ever changes. Nothing. The actors change and the details of the con change, but the fundamental fact of greed following venality following crooked politicians and crooked lawyers and on and on never changes.

You could have dumped the whole Enron debacle down right next to the lizards that pulled off the famous Bubble and you could not tell them apart.

Anyhow, it's a very good read. I recommend it.