The insane feeding frenzy on Wall Street prior to the crash may be less about greed than a species of machismo. Money, for the rich, is not just a medium to purchase things; it is a measure of status in that rarefied world where you are judged by the heft of your take home pay.
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People of higher status are more prone to cheating, taking candy from children and failing to wait their turn at four-way stops, a UC Berkeley experiment finds. The rich really are different from the rest of us, scientists have foun... Read Post
The rich are more likely to lie, cheat, drive rudely, support unethical behavior at work, and, yes, even "steal candy from a baby," according to a new study published in the Proceedings of the National Academy of Sciences. Social ps... Read Post
Well, there's your problem right there... I've repeatedly pointed out that Wall Street executives are incentivized to lie, cheat and steal. So - of course - they will continue to lie, cheat and steal. I've repeatedly noted that Wall... Read Post