How much is ‘banking’ vs how much is ‘sleazy business practices’ vs ‘smart leveraged contracts’?
The lines become fuzzy pretty quickly - there are intelligent people at all levels working all these angles, too, “doing God’s work”. (ie: Lloyd Blankfein)
Most really smart nerds don't know what to work on and are easily misled by incentives. Perverse incentives, bailouts, etc.. abound. But there are some really cool "Big Short" types, see NNT, Mark Gorton, etc..
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