2 ms·
Unfortunately, this is a universal phenomenon. Bank runs are always blamed on the runners, not on those that precipitated the runs. It's part of a general slim
by jalapenos 4y ago
Unfortunately, this is a universal phenomenon. Bank runs are always blamed on the runners, not on those that precipitated the runs.
It's part of a general sliminess that is and always will be a part of corporate finance, and that sounds quite reminiscent of narcissism: when we're doing good, it's because we're super smart, innovative, good, and hard working (oh and that means we should keep all the rewards); and when we're doing bad, it's because other bad and silly people have done it to us, we did nothing wrong and are blameless, and we're the victims (oh and that means we should be bailed out at everyone else's expense).
Never forget 2008. None of them have paid for it yet.
And by the way, without commenting either way on their politics, a handy trick anyone can use to determine if a behaviour is narcissistic, is to ask "if this position came from the mouth of Trump or Trudeau, would it sound like them?".