It's true that there are inevitable conflicts of interest regarding risk tolerance. lets ask ourselves WHY the bankers took such risks because they just wante

It's true that there are inevitable conflicts of interest regarding risk tolerance. lets ask ourselves WHY the bankers took such risks because they just wanted to have fun? get real how do you make money as a banker when the Fed has lowered "real" rates (rates adjusted for inflation) to ZERO??? you have to make riskier loans. you sure as shit can't make money in a low interest rate environment lending to credit worthy people the Fed prodded bankers to make these risky loans sorry cuban, any cub reporter for the WSJ could tell you this First of all, bubbles and crashes seem to be an inherent property of market economies indeed, but we've had two massive bubbles in ten years. the nasdaq bubble was 10x the size of the 1929 bubble (ref: bob prechter). the housing bubble dwarf the florida bubble of the 20s...you must admit that this is curious