In response to my previous post, A simple remedy for a Wall Street danger, reader RajV sent me a pointer to the video below with the introductory remark:
It is mind-boggling that such controls are not already legislated on these banks. I came across this article that shows the caliber of people at the helms and the greed at work:
Michael Lewis, a member of Princeton’s Class of 1982 and author of such books as “Liar’s Poker” and “Moneyball,” speaks at the 2012 Baccalaureate in a speech called “Don’t Eat Fortune’s Cookie.”
By the way, RajV, among his other sterling qualities, is perhaps the most mathematically astute person that I have ever worked with. I presume that he won’t blush for my having said so.