"Populist perception is that everyone working in a big investment bank was greedy and/or...

|By:, SA News Editor

"Populist perception is that everyone working in a big investment bank was greedy and/or incompetent. That is simply not true. This may sound shocking, but professionals who’ve built up a lifetime of skills, experience, and contacts do exist at these firms. They are not so easily replaced. I’ve heard rumblings already that anyone worth their salt has left any firm taking TARP money. If this legislation passes, that will no doubt be true." (Economist)