Wednesday, December 22, 2010



WHAT GOOD IS WALL STREET? Much of what investment bankers do is socially worthless.

...
Paul Woolley, a seventy-one-year-old Englishman who has set up an institute at the London School of Economics called the Woolley Centre for the Study of Capital Market Dysfunctionality. “Why on earth should finance be the biggest and most highly paid industry when it’s just a utility, like sewage or gas?” Woolley said to me when I met with him in London. “It is like a cancer that is growing to infinite size, until it takes over the entire body.
...

... here we are ...
:)

# posted by intcoex : 10:40 AM




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