I have been saying this for years, but it is always nice to hear others admitting the truth about modern investment bankers: they are an accident waiting to happen. Reckless risk-taking on the tax payer tab must end. This is utter madness. We must break up the big banks, reinstate separation between banking and risk taking, and put the risk of failure back on the partners. These people are so hopelessly conflicted they don’t even understand the error of their ways. The way back to health is admit, repent, recover. The next couple of clips offer some good discussion. Here is the direct link.
Cory’s Chart Corner
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