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I had to reply to you on investment banks. "Look at IBs for examples by the boatloads". I hope you dont imply banks in general have a culture problem, more tha
by xwolfi 6y ago
I had to reply to you on investment banks. "Look at IBs for examples by the boatloads".
I hope you dont imply banks in general have a culture problem, more than aviation or bakeries ?
Cutting corners is a result of a cultural dysfunction that happens everywhere. The reason why you feel you care about IB is because salaries are high and it was easier to blame them for 2008 than blame the culprits (easy loan policies, millions of voting adults jump on speculative loops in real estate, specialized lenders lying on loan application, US gov exporting securitized debt to Germany, etc... IBs just were a middle man taken by surprise in an ocean of shit everyone was swimming in happily)
- fakedang 6y agoIBs were just a middle man taken by surprise in an ocean of shit? Boy oh boy, IBs were pumping that shit into the ocean, knowing fully well it was shit. They just didn't know that their drinking pipes were drawn from the same ocean.