Quote:
Originally Posted by Tyrone Slothrop
Lots and lots of people at the big banks thought those things in 2007. The banks' names stay the same, but the people at them who make a lot of money turned over quite a bit. In fifteen seconds on Google I found this, from the NYT in 2009:
|
I was giving them all the benefit of the doubt. I should know better than to do that regarding that industry.
Regarding the people at the banks changing, it's often the same names just shuffling from one bank to another. A friend who retired from finance related to me that the hardest part it getting into it. Once you get a reputable firm on your resume for a few years, even if you're a fuck up, you're "in," and you can work at another. The same bodies tend to be recycled for a lot.
2008 shuffled the deck. Guys at Lehman and Bear drew bad cards for the moment, but they've all been picked up since. And they'll keep doing different variations of it until they bankroll enough to retire or are wiped out by algorithms.
