“For years, we have been told that bankers were paid so much because they were cleverer than the rest of us. Now, it turns out you were not clever at all, and we are all suffering for your stupidity.” SmartEconomicsStupidityHegemonyMarketWall Street Book:Liquidated: An Ethnography of Wall Street Source: Liquidated: An Ethnography of Wall Street
“Investment banking practices promoted a surge of predatory lending to originate loans and created a market for buying bonds based on them.” BondsMarketInvestment BankingLoansPredatory Behavior Book:Liquidated: An Ethnography of Wall Street Source: Liquidated: An Ethnography of Wall Street