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by teachrdan
2953 days ago
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I'd immediately recommend Bonfire of the Vanities. It perfectly captures NYC in the 80s: the racial divides, the wealth inequality, and the many ways individuals cross race and class lines. And his vivid description of how bond traders make insane amounts of money (for the time) is unforgettable. Frankly, Bonfire is worth reading just for unforgettable lines like this one: "If a conservative is a liberal who's been mugged, a liberal is a conservative who's been arrested." |
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"One breath of scandal, and not only would the Giscard scheme collapse but his very career would be finished! And what would he do then? I’m already going broke on a million a year! The appalling figures came popping up into his brain. Last year his income had been $980,000. But he had to pay out $21,000 a month for the $1.8 million loan he had to take out to buy the apartment... Of the $560,000 remaining of his income last year, $44,400 was required for the apartment’s monthly maintenance fee… $18,000 for heat, utilities, insurance and repairs, $6,000 for lawn and hedge cutting, $8,000 for taxes. Entertaining at home and in restaurants had come to $37,000. This was a modest sum compared to what other people spent..."