Friday night many of us in the biz journalism biz participated in an annual rite: The Financial Follies.

From left Alden Wastler, Nicole Lapin, Stephanie Landsman, and John Carney.
Photo by: Steve Govoni

It's a formal dinner put on by the New York Financial Writers' Association to benefit its various scholarship funds and educational programs. Various news outfits, plus a few financial outfits and public relations firms, buy up tables at the event and proceed to drink and schmooze.