Villains of meltdown

For those of you still in search of the people, companies, institutions, and vices most responsible for the economic mess, check out Bruce Feirstein's top 100 in the October Vanity Fair (VF.com is running five new ones each day). Looking to go beyond the usual suspects, Feirstein (a Native Intelligence contributor) comes up with many other interesting (and occasionally bizarre) inclusions - Botox, the Celebrity Industrial Complex. Dubai, Gordon Gekko, Ernest Hemingway, the Infantile American Consumer, Ralph Nader, Nancy Pelosi and Viagra. Local angle: Angelo Mozilo, Orange County and Roland Arnell also make the list. One of my favorite citations is the BlackBerry:

The executive status symbol of urgent self-importance. We're not opposed to opposable-thumb typing. And we'll spare you the "CrackBerry" addiction references. But how many bad deals were made because somebody fired off a hasty e-mail at three a.m. and didn't take the time to think about it? How many millions were lost because someone didn't have the patience to read through to the bottom of a message and missed the key details? In short, it was the perfect tool for instant miscommunication. Or, as one might put it BlackBerry-style: 2 little, 2 l8, 2 bad. C u l8r.

If you're after a good pre-holiday weekend read, check out Sam Kashner's riveting cover story in the same issue on the saga behind William Manchester's best-seller, "The Death of a President." You might come away with a slightly altered view of Jackie and Bobby.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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