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Do we actually give the finance industry a pass? The fact that "Wall st" is a pejorative these days is some indication that's not the case.
by cf 9y ago
Do we actually give the finance industry a pass? The fact that "Wall st" is a pejorative these days is some indication that's not the case.
- aioprisan 9y agoThe fact that there are never any real consequences to Wall St actually tends to prove the opposite.
- graedus 9y agoWall St has deeply and thoroughly captured all of the regulatory agencies charged with overseeing it, as well as most of the powerful organs of government, and thus sits comfortably above the law.
- malandrew 9y agoBut not above the ire of the media. The media is just as money-corruptible as every other business enterprise and it found a shiny new toy to play with with Uber. There are likely orders of magnitude more workplace culture issues in finance, yet the media has largely moved past lambasting financial firms for that because it doesn't earn them enough eyeballs. Uber is only getting more attention for something many many many businesses are guilty of (and to a far greater degree) because no other company is as lucrative to write about.
- williamscales 9y agoYeah, we definitely give finance a pass. We say "huh, well, bankers will be bankers, can't expect folks to behave around that much money", put in place some ineffectual "controls" and start the whole cycle again.