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> The bankers aren't bumfuzzled or victims of circumstance, they're just not optimizing for public good or the stability of the system Even with all the nonide
by basementcat 7y ago
> The bankers aren't bumfuzzled or victims of circumstance, they're just not optimizing for public good or the stability of the system
Even with all the nonidealities of the USA financial system, it is still pretty darn stable. If you've visit other parts of the world, it is apparent that the USA financial system (and political system, notwithstanding media reports) is among the most stable in the world. This is why companies around the world seek financing in the USA and want to float their shares on NYSE and NASDAQ.
Is there room for improvement? Absolutely.
- sroussey 7y agoIt’s stable until it’s not.