Or was that schadenfreude chic?
This week FT columnist Robert Shrimsley paints a prose portrait of the financial district's newfound enthusiasm for shabby chic, concluding with this memorable image:
Vanity’s Fair’s renowned photographer Annie Leibovitz will organise a group photo of the Wall Street giants all sporting knock-off Rolex watches and wearing their favourite Wal-Mart suits.
John Bunyan and William Thackeray are no doubt looking down and toasting the idea at this very moment.
P.S. What is it about fallen idols and fake Rolexes?