04 Feb 2016

Mark Driscoll’s Golden Parachute

Or, Why Denominations Matter Among those Americans who felt the brunt of the 2008 financial crisis, many were infuriated when the Wall Street bankers involved–many of whom had engaged in high-risk trading behaviors–faced virtually no consequences. Instead, many walked away with multimillion-dollar “golden parachutes” and cycled into new professional pursuits. The message sent was intolerable to many victims of the crash: within the financial sector’s privileged caste, reckless and dubiously-legal behavior does indeed pay off

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