Gac Filipaj cleans bogs for a living. Not just any bogs, mind. Privileged bogs. Ivy-league bogs. Between the corridors and walls of one of the world's finest learning institutions he works a regular late shift, sweeping and cleaning until 11pm most nights. Occasionally he'll do 15 hours on the trot.
Jack Tame: Degree of hope found in land of opportunity
Subscribe to listen
Columbia University janitor Gac Filipaj at graduation. Photo / AP
It's an astonishing figure, an astonishing mistake. Astonishing, too, to realise that even after the economic meltdown of 2008, any bank or trader - no matter how big - is still legally allowed to gamble so much money in derivatives. JP Morgan's traders had opportunity, and they abused it.
Sometimes it's all too easy to have a crack at America, especially from afar. I'm the first to admit from a New Zealander's perspective the old tall-poppy stuff is ingrained and sometimes irresistible. It's easy to stereotype, to generalise, to mock. It's easy to label Americans as a bunch of gun-toting, sweatpant-wearing, passport-shunning, global-warming, reality TV-worshipping, warmongering, narrow-minded fatties. And many of them are.
But it's even easier to forget what a ticket to this place can be.
What glorious, life-altering, life-defining opportunities can happen to anyone. Filipaj had a chance. He left a brutal war in Eastern Europe to clean up halls and bathrooms in America. It wasn't glamorous, but it was a ticket out. A ticket in the world's greatest lottery, the American dream.
And in the same week that JP Morgan lost more than $2 billion through an unregulated, risky trade it should never have had the opportunity to make, a 52-year-old Eastern European man graduated from one of the world's finest universities with an honours degree in classics.
After 12 years of balancing education with labour, Filipaj swapped the cleaning overalls of a Columbia University cleaner for the blue robes of a Columbia University graduate. He beamed. He pulled thumbs up for the cameras and his boss gave him a big hug. Yes, it was a lovely moment, in America, this land of opportunity.