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We recently had a recession which many people blame on mistakes made by people working in the financial sector. Doesn't this highlight the importance of the fin
by trustfundbaby 15y ago
We recently had a recession which many people blame on mistakes made by people working in the financial sector. Doesn't this highlight the importance of the financial sector, and suggest that we need more smart people entering finance?
The problem was caused by an imbalance between the intelligence of the people building sophisticated and dangerous ways to use leverage and the people policing them, so unless these grads are going to work for the government ... the problem is just building on its self and will certainly re-occur as the government stays one step behind the geniuses Goldman Sachs et all hires to create money for them
I wonder - after Challenger and Columbia, did anyone claim that fewer smart people should go work at NASA?
This is a bad analogy because the Space program is not a for-profit exercise, the motivations are entirely different.