'swathing the concept” in complex jargon
Posted: June 16th, 2009, 7:57 am
I love jargon. It makes me feel superior, so smart. Just like an intellectual, or a lawyer even.
Ms. Tett explains how bankers “delight in swathing the concept” of derivatives in complex jargon (not unlike that employed by deconstructionists in academia a decade or two ago), as “opacity reduces scrutiny and confers power on the few with the ability to pierce the veil.”
Greed Layered on Greed, Frosted With Recklessness