The Flight of the Talented From Wall Street Banks: Blessing in Disguise?

by Benjamin Domenech on 12:03 am April 13, 2009

Is the flight of the bright masters of the universe from Wall Street Banks actually doing some good for the economy? Some “financial experts believe that the exit of talent is actually reducing moral hazard and increasing market discipline. It is, in short, undoing some of the damage to markets that they bailouts have caused.”

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