We’re incentivized to perform fraud
Interesting interview with Wall Street power player
Economy • April 2013 • Views: 1,442
I just finished reading a fascinating interview with famed short seller, James Chanos.
He explains how fraud has essentially become part of our economics, due much in part to the banks having excessive say in Washington, lack of separation of deposit and investment arms of the banks and the lack of consequences both moral and judicial when fraud is performed by large institutions.
A rather sobering read.