Okay, this is a really long discussion, but if you're sitting at your computer anyway, really ought to listen to it.
Peter Day at BBC discusses the finance industry with MIT's professor Simon Johnson. It was playing on a co-worker's radio and about halfway through I found myself sitting on a chair listening intently rather than actually doing any work.
Among Prof. Johnson's recommendations: Make the banks smaller and make them hold more capital in reserve. Among his observations: Financiers
are acting as an oligarchy in much of the world, that their compensation levels (similar now to 1920's levels) are a good indicator of the level of danger to the economy, and that if they are not reigned in soon we can expect another repeat of last year, probably before Obama finishes his second term.
Okay, this is a really long discussion, but if you're sitting at your computer anyway, really ought to listen to it. Peter Day at BBC discusses the finance industry with MIT's professor Simon Johnson. It was playing on a co-worker's radio and about halfway through I found myself sitting on a chair listening intently rather than actually doing any work. 
Among Prof. Johnson's recommendations: Make the banks smaller and make them hold more capital in reserve. Among his observations: Financiers are acting as an oligarchy in much of the world, that their compensation levels (similar now to 1920's levels) are a good indicator of the level of danger to the economy, and that if they are not reigned in soon we can expect another repeat of last year, probably before Obama finishes his second term.
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