The 2008 financial crash was caused by overleveraged banks, the collapse of the US housing market and a range of other factors. One of those factors might have been cocaine, which is rather popular in banking circles, or so we are told.
Professor David Nutt, the former government drugs czar who lost his job after he famously stated that taking an ecstasy tablet was as safe as riding a horse, believes cocaine contributed to the crash and also led to the 1995 collapse of Barings bank.
Nutt believes cocaine helped take bankers over the edge, as cocaine users tend to be overconfident and take more risks. It can also make people quite boring at parties.
“Bankers use cocaine and got us into this terrible mess. It is a “more” drug;” he told the Sunday Times. He added that cocaine is well suited for the culture of excitement and drive, which is prevalent in the banking world.
On the other hand, who would you rather leave in charge of your personal finances? An alcoholic, a pothead, or an overly confident coked-up loudmouth with a Scarface fetish?