From the i-banking obit the NYT has waiting on the shelf for just such emergencies:
“I hate to use the phrase ‘masters of the universe,’ but they’re not in investment banking anymore, they’re in hedge funds,” Mr. [Tom] Wolfe [who, excuse me, owns that damn phrase and should have it hung around his neck every time the market tanks] said. And “hedge funds don’t need glass office towers. They can run $15 billion with 25 people” in the leafy suburban sanctuaries where their directors live.
“The new Wall Street,” he said, “is Greenwich, Conn.”
Next he’ll say he hates wearing white suits.
Yes, they went there: Dim LIghts, Big City [nyt]