Sure it's dynamic and lucrative, but I think the last few months have shown that shilling securitized high risk mortgages is anything but an essential part of society.
You can point at the current financial crisis, but there is absolutely no doubt that financial services are a fundamental part of society.
The current crisis owes a lot to greed, poor governance and ignorance (not only of the bankers, but the stockholders, pension funds, etc, etc, etc - i.e. everyone)... Even so, this isn't unique to the financial industry.
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Sure it's dynamic and lucrative, but I think the last few months have shown that shilling securitized high risk mortgages is anything but an essential part of society.
You can point at the current financial crisis, but there is absolutely no doubt that financial services are a fundamental part of society.
The current crisis owes a lot to greed, poor governance and ignorance (not only of the bankers, but the stockholders, pension funds, etc, etc, etc - i.e. everyone)... Even so, this isn't unique to the financial industry.