Debating financial risks in banking formula’s
I was listening to a couple of programs where they debated working with formula’s that got us into risk taking programs for making more money for the banks, there by increasing profits and bonuses. Basically, playing against regulators verses profits for wall street. We all know how that ended up and where it will end up again.
First one is from itunes. NPR, Planet money no. 81
Is finacial innovation a friend or foe
Second one is from Macalvany.com 8/19/09
A Demon of our own design part 2
Sorry I don’t have links. But if you have itunes, you can subscribe and listen. Great stuff. Hidden workings of the banks. Jon