wazzles

3 ms·

1. 1.▲
   by wazzles 15y ago

   Robert Peston is generally a waste of space. UK GDP is around 1.5 trillion. Therefore we spent the equivalent of ONE WHOLE YEAR OF OUTPUT FOR THE WHOLE COUNTRY on bailing out the banks. You do not solve a debt crisis with more debt. You do
2. 2.▲
   by wazzles 15y ago

   Um, nice try. Takes a lot of 50 billions to add up to 1.5 trillion. Especially when you include interest. http://www.telegraph.co.uk/finance/newsbysector/banksandfina...
3. 3.▲
   by wazzles 15y ago

   Yea it's definitely a non trivial problem to rip people off with as much success as the likes of Goldman. IBs are completely socially useless, excessively criminal, and for the most part just exploit clients through front-running etc. I use
4. 4.▲
   by wazzles 15y ago

   yup 35 - 40k starting, 50 to 60k after a few years, over 100k possible after 5 (top tier IB)