Everything I know about life I learned from Seinfeld

            Again, Seinfeld comes through for those who need context and understanding of current events. A lot of the discussion around the financial meltdown concerns the massive risks that bankers and lenders took, and why they didn’t realize that those risks were getting out of hand.

            Sound familiar? Remember when George Costanza was working for the Yankees, and George Steinbrenner asked him to give a talk in his area of business expertise? Which was—all together now—Risk Management! (Why? “I guess it’s on my résumé,” says George, which sounds about right for employment at Goldman Sachs.)

            Instead of actually learning something about risk management, George turns the whole thing over to his mentee, Abby. (“I’ll tell you what, why don’t you read this book and let’s just see if you can explain it to me.”) The end result: Banya gets the best material (It’s gold, Jerry! Gold!”) and George is left to tell Ovaltine jokes.

            And there you have it, an explanation for why Wall Street went bust (and the Yankees missed the playoffs).

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