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College and University Discussion
Reply to "Wall Street Placement 2024 update"
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[quote=Anonymous]Hmmm let’s see. Great Depression. Triggered by Wall Street S&L bailout. Triggered by Wall Street junk bonds LTCM implosion led to “too big to fail” ethos. How could that possibly be a bad idea? 🙄🙄 Dot Com implosion—> recession of 2001 CLOs and CDSs—> global recession in 2008 I’m not saying we don’t need a financial sector. But its current iteration siphons off WAAAAY to much of the real economy by using things and people that could be put to far more valuable uses. [/quote]
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