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Danny Schechter - ColdType

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175<br />

There was another cultural phenomenon. In my own<br />

research, I came across an article in Dealmaker magazine<br />

about an event in which young male traders attended sex parties<br />

for wealthy older women for a fee; others or who took clients<br />

to sex clubs, a practice that women on the Street objected<br />

to because it was both sexist and discriminatory. Some even<br />

sued. There was another case of traders funding a sex club in<br />

the Hamptons.<br />

So now we can add to the lack of regulation and the greed<br />

that fueled criminal practices, a cultural pathology that is far<br />

more personal and self-destructive. I am not being moralistic<br />

here, but a climate of narcissism and living secret lives often<br />

desensitizes its practitioners leaving them little time to think<br />

of how their actions may affect others.

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