qqwwwid

5 ms·

1. 1.▲
   by qqwwwid 13y ago

   The issue of proprietary trading is not about speculation. If anything it is about a lack of speculation. It is about a conflict of interests between a firm and its clients and its shareholders. As I understand it, sometimes it amounts to t
2. 2.▲
   by qqwwwid 13y ago

   It seems to me that there is a schism between the financial industry and others harboring huge wealth. For example, a lot of wealthy people are honestly or pretend to be libertarians. Libertarians don't seem to be very fond of the fini
3. 3.▲
   by qqwwwid 13y ago

   I don't know if I'm being naive here but could it be possible that even though bankers acted criminally, the economy and by proxy a lot of average folk, would still have been worst of without a bailout?
4. 4.▲
   by qqwwwid 13y ago

   That kind of behavior is strangely similar to the kind of behavior that corrupts the public sector and government. Isn't it ironic that we are so quick to bring about arguments regarding the inefficiencies of command economies and big
5. 5.▲
   by qqwwwid 13y ago

   I think this situation would fall under the definition of a market externality though it is hard to say given the ambiguous state interference. Also, I don't think there is any strong link between a free market and social value. At mos