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"It is difficult to get a man to understand something, when his salary depends upon his not understanding it!" -Upton Sinclair
by billmalarky 10y ago
"It is difficult to get a man to understand something, when his salary depends upon his not understanding it!"
-Upton Sinclair
- jgalt212 10y agoThat is basically how Wall Street works. If a trader or salesperson is printing money, management doesn't want to know how it's done. Plausible deniability will at worst get you a failure to supervise penalty, whereas if you understand how these folks are making money you could become complicit in any illicit acts and thus exposure yourself to a much larger penalty and/or jail time. Of course, the government has proven themselves time and time again unwilling to punish management so management might as well figure out how the illicit gains are being made so they can replicate such processes when the big producing trader or salesperson is invariably poached by a competing shop.