Archives for September 2015

During the aftermath of the stock market crash of 2008, there was a lot of debate about the practices of Wall Street. There were numerous calls for the rolling of heads of top banking and investment firms due to the recklessness that was witnessed on their part. Although there was a lot of noise surrounding several issues, the most fundamental issue seems to have been overlooked. Several fingers were pointed at those responsible for making the stock market a safer place for retail investors to invest their hard-earned money. But given the kind of pressure Wall Street executives have to deal with, can we honestly expect them to be a hundred percent focused on the ethical management of our money? Or would they rather worry about their own personal interests involving the security of their jobs?