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The problem isn't the ability to create financial instruments. It's the fact that the people that created and purchased these ill-advised investments were give
by richcollins 16y ago
The problem isn't the ability to create financial instruments. It's the fact that the people that created and purchased these ill-advised investments were given the resources of those that didn't make bad decisions (through inflation and taxes).
It's easy afford outrageous salaries when your revenue comes from government assisted theft.
- fleitz 16y agoI definitely agree with you that the bailouts are a huge problem, however, it's not like the alternatives presented for engineers in the article also don't get a sizable portion of their funding from the gov't. Given that schooling is heavily funded by the gov't it would only seem natural to follow the funding train. They're practically begging people to go to engineering school and become a financier the way they fund things.
- nhebb 16y agoI'm tempted to create a 1000 fake accounts just so I could upvote you more.