'I was in this game for the money," wrote Andrew Lahde, a hedge fund manager, in a letter to the Financial Times last year as the global economy went into meltdown. "The low hanging fruit, ie idiots whose parents paid for prep school, Yale and then the Harvard MBA, was there for the taking.
"These people who were (often) truly not worthy of the education they received (or supposedly received), rose to the top of companies such as AIG, Bear Stearns and Lehman Brothers and all levels of our government. All of this behaviour supporting the aristocracy only made it easier for me to find people stupid enough to take the other side of my trades. God Bless America."
The fruit doesn't hang much lower than Prince Andrew. The best education money can buy and an intellect worthy of the gene puddle from which he was fished. Few look on him for leadership. But the apparent absence of a filter that might temper the more blatant expressions of his regal privilege, makes him an interesting indicator of class entitlement at times. "I don't want to demonise the banking and financial sector. Bonuses, in the scheme of things, are minute," he told the Daily Telegraph this weekend.