The Global Downturn Related articles, background features and opinions

Discussion in 'Wall St. News' started by OddTrader, Aug 25, 2010.


    'Wall Street Bankers Are Not Pure Evil',1518,712498,00.html

    SPIEGEL: So the culture of Wall Street seems to be at the heart of the problem.

    Sorkin: The ethos of Wall Street is the sense that greed is good, it is the sense that you get kudos, you get points for scoring one on someone else, for outsmarting them, for outwitting them.

    SPIEGEL: Will this ever change?

    Sorkin: I don't think so but I do believe that Wall Street over the next five or 10 years, especially after all this regulation, is going to become much more of a boring business.