4.4 • 1.9K Ratings
🗓️ 13 June 2022
⏱️ 5 minutes
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0:00.0 | Has Wall Street become more ethical since you and I were there in the 90s? |
0:03.4 | I think that it reached a crescendo of |
0:08.1 | of zero ethics back in like in like two thousand six seven. It was like mass |
0:14.2 | craziness, right? So it got worse from when you were there. I think worse and then after that shock to the system |
0:19.2 | I think things have gotten better |
0:22.0 | But I think things are starting to drift back again somewhat like what happens is if you look and remember you remember after the GFC |
0:27.7 | You don't like the standard income like crash right after the after the Jeep global financial crisis almost like 708 |
0:33.8 | Well, never you know more. You just have to be for people at qualified |
0:36.5 | If you go now, you know, it's almost back to the same thing again people giving out mortgages, you know |
0:41.0 | Yeah, you're going back to slowly. It's all a cycle. We see it's unbelievable. They go back memories are short, right? |
0:47.1 | So, you know |
0:48.7 | I think that it's always going to have that sort of like he goes around and around and he given time |
0:53.2 | But even here's one other point to consider even in the worst of times one thing that that you want to remember is that |
0:59.5 | It's not like every one on Wall Street's corrupt |
1:01.6 | It's probably even in the worst time 15% |
1:04.1 | Most people try to do it right. Yeah, not you know |
1:06.7 | And then it's all that it'll slivers enough to destroy everything right? That's the problem |
1:10.9 | You know, and why do they push it? Why do you know guys like you want to push it? |
1:14.5 | Look, I was at bankers trust and a couple years later they got indicted and then they got Rico run against them because they were |
1:20.4 | Shown to be doing it to multiple corporates was racketeering. I mean, they threw it them what they threw it out Capone |
1:24.8 | Yeah, because they were doing these trades into proctor and gamble and this kind of thing |
1:28.0 | You know, here's I'll tell you what it's about it's like |
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