I think that its fair to say that a number of us here suspect that a fair number of those populating the financial establishment are there by virtue of being the idiot children of America's aristocracy. Some of us have probably even said as much. This though is far less entertaining than watching one of their own come out and say it.

On Friday that's precisely what happened. Andrew Lahde, a manager at a Los Angeles based hedge fund sent an email out to all in his firm telling them that he was quitting the game and: