Ligon, a former board member and a successful entrepreneur himself — he was a founder of CarMax, a used-car chain — said he thought the board members had fallen under the influence of high-finance mentality.
"We have the Saudi government financing the mentality of Wahhabism that is the root cause of people going to places and blowing themselves up," he told Iran's PressTV.
Having said that, incumbents' greatest disadvantage will be transporting an old-finance-world mentality to these innovations.
And deals financed when bubble mentality was at its most frenzied often had so-called "covenant-light" loan agreements, which gave their bankers few rights to demand repayment.
That is where I first encountered the finance-as-physics mentality of my professors.
In contrast, at Meetup.com, the eight-month-old business in New York where he is now vice president for finance and administration, the bootstrap mentality is at full tilt.
We got were we are today after a series of governments mismanaged finances and cultivated a corrupt mentality that favoured clientelism and easy, unfounded success.
The result, market participants said, has been an increase in private oversight for a business that until Enron collapsed, largely from its misuse of structured finance, had encouraged an "anything goes" mentality.
This is what is commonly known as a "Carry Trade' - and it is a hallmark of bubble finance underpinned by the debt servicing mentality.
What's not fine is encouraging a mentality that you can finance everything you want, even though you don't need it -- and especially if you can't afford it.
Meanwhile finance is far less controversial, it appears, and I did not find the sense of victimhood and siege mentality you see among quite a few bankers in London.
