4 ms·
Unlike many here, I think he has a point. The entire finance industry is corrupt. People have been trying to make more money by being over leveraged for some ti
by baxtr 4y ago
Unlike many here, I think he has a point. The entire finance industry is corrupt. People have been trying to make more money by being over leveraged for some time now. Anyone remember 2008? Regulation helps, but not most obviously people find ways to get around that.
It doesn’t, by any means, excuse what he has done. Yet the conversation delivers a very authentic insight into how people at the top of financial institutions with the goal to earn unreasonable amounts of money the get rich people richer actually think and act. For that it’s a great piece.
- za3faran 4y agoIf you speak to people on the inside, you'd find that they understand it's a big ponzi scheme, but they continue to work in it while making bank.
- MrMan 4y agoexcept that is not true
- NelsonMinar 4y agoThe entire finance industry isn't corrupt. It might want to be, but then it's tightly monitored and regulated so it can't be this corrupt. "Oops we misplaced over half our customer deposits" is just not a thing that happens in real banking or financial exchanges. In crypto companies though, it's business as usual.
- MrMan 4y agoyou are regurgitating crypto and libertarian propaganda meant to desensitize you to the corruption of what they are selling. the entire finance industry is not corrupt and this moral equivalence they try to construct to justify their crimes and antisocial behavior is false.