commentary by Roger Erickson
Why It’s Smart to Be Reckless on Wall Street
Another reason why we should teach ethics, adaptation, the definition of treason, outcomes and evolution to everyone - before letting them work on Wall St. You don't hand the keys to the bank to sociopaths. OBT&E shows that if we don't talk about these kind of outcomes until after the fact - we're assured of getting more of them.
How about in Congress? The same traders eventually bought the kind of regulators and Congresspeople that they wanted. All part of the game? Sounds like the "Benedict Arnold" game of looting.
We need a "Be or Do" game.
(hat tip Lynn Wheeler)
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