Another is that as so much of the economy shifts to service providers, consumers + workers are nickel + dimed more and more; paycheck to paycheck.
For consumers with no or ‘bad’ credit, they ultimately pay more for everything as they are squeezed by APR.
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)
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1J6h7Bex83EVCGvamT5LMVm9MECX4bSquW VerifiedMost 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..