By SIMON CONSTABLE
Since the big banks were bailed out by the U.S. government in 2009 regulators have kept one thing in mind: Never again. If nothing else happens, they don’t want to see a repeat of the subprime meltdown and the need to spend hundreds of billions of dollars stabilizing institutions that are deemed to big to let fail.
That fear of risk by the regulators means that Wall Street is no longer the center of innovation it once was. Or in other words, if you want creativity in your job, anywhere else might be better than Wall Street. That may explain why the brightest and the best are headed out to San Francisco and other technology hubs.
Watch, listen and learn from Joe Brusuelas, chief economist at professional services firm RSM.
No comments:
Post a Comment