Hi Ho Steverino

As, I suspect, most folks have done, I took it as an article of faith that Bannon's fortune (whatever it may be) was made at Goldman. The fact that he pronounced himself a Leninist never made much sense. Nor, as mentioned in earlier missives, how he or Donald J. Quisling or any President could compel corporations to practice economic nationalism. You have to be a dictator to force corporations to behave against their near-term (aka, the CxO class's) best interest. Do I figured Donald J. Quisling wet dreams of himself as Orange Julius Caesar? But of course. Start a war. Declare martial law. Suspend Congress. Declare himself Dear Leader (he got a bit ahead of the game at that first Cabinet meeting. yuk.).

So, I let my fingers do the walking through the innterTubes, and came across this diatribe from last spring. Sounds much like what one might expect the Oracle of Delphi to say.

In 1985, Bannon was a Navy vet in his early 30s fresh out of Harvard Business School who went to work at Goldman Sachs working in M&A. He lasted there until 1990 when he left as a VP to start his own boutique M&A firm. Now, for the kids and Millennials out there, being a VP at Goldman in 1990 was even more junior than it is now and boutique M&A was the late 80s Wall Street version of a craft cocktail bar; they seemed to pop up everywhere and you definitely knew someone who knew someone who started one.

The stake in the heart:

A born-again blue-collar class warrior like Bannon cannot look back fondly on years of running models 20 hours a day in the pre-internet era only to realized that 33-year-old analysts with no prep school connections had limited futures at Goldman Sachs.

I guess Steve has feet of clay.