People working in the financial sector play a crucial role in the economy; our financial well-being is hinged on their actions. Investment Bankers and Commercial Bankers provide capital necessary for the economy to grow. Without capital businesses would not be able to provide jobs, create new technology and improve the quality of life.
We should acknowledge the vital role in which people working in finance play and that they would need to be compensated accordingly.
There is no arguing that the greed of many financial workers contributed to this economic crisis, however as the heading says “Don’t Blame the Player, Blame the Game!!’.
In my upcoming entries I will illustrate how the financial institutions’ emphasizes on short-term success and the inactivity of financial regulators to curb Wall Street’s risk-taking was the real contributors to the financial mess that we are in.
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