3 ms·
> We didn’t have a financial crisis because of a bad model or a few bad models. We had bad models because of a corrupt and criminally fraudulent financial syste
by woodchuck64 14y ago
> We didn’t have a financial crisis because of a bad model or a few bad models. We had bad models because of a corrupt and criminally fraudulent financial system.
Those who are attracted to financial careers often have a deep and abiding love for money, much like wolves have a deep and abiding love for sheep. Sheep farmers are smart enough to not to hire wolves as shepherds; but in the financial industry, the wolves are already in charge.