“Wall Street was, in fact, one big White Anglo-Saxon Protestant subcult, and its members did tend to go to the same schools, join the same clubs, engage in the same sports (tennis, golf and squash), attend the same churches (Presbyterian and Episcopalian), and vote for the same party (Republican). . . .

In investment banking the old conservative WASP grouping still lingers on. There are still some old-line “white shoe” firms of which it is said ‘They’ll have a black partner before they hire a Jew.’”

—Alvin Toffler, Future Shock, 1970.