Mystery solved! While a number of media outlets have speculated in highfalutin editorial tones about why there weren’t more grateful-to-be-bailed-out Wall Street fat cats attending Barack Obama’s twin fundraisers last night in New York, it turns out the answer was simple: the president wasn’t the biggest draw in town. What was? Vanity Fair editor Graydon Carter’s cocktail party at Manhattan’s Monkey Bar celebrating the release of New York Times business reporter Andrew Ross Sorkin’s sprawling and cinematic tome, Too Big to Fail.

It is, surely, the first time so many Wall Street tycoons have been under one roof outside of Washington hearing rooms since the crash. Even before that, the only thing that comes close was Blackstone chief Steve...