by Patrick J. Buchanan – September 27, 1998

In his marvelous novel “The Bonfire of the Vanities,” Tom Wolfe called them “Masters of the Universe” — the bond traders who worked high above Wall Street, earning princely fortunes buying and selling billions in bonds on the movement of a quarter penny in price.

Well, now, our global gamblers are suffering a streak of rotten luck. And to their rescue is riding Alan Greenspan and the Fed, the International Monetary Fund and the World Bank. Coming soon: the mother of all bailouts.