• Music
  • News
  • Blog
  • Podcast
  • OTHH
  • Music
  • News
  • Blog
  • Podcast
  • OTHH

Recommended Article **** :: "The Wolf Hunters of Wall Street" by Michael Lewis

3/31/2014

1 Comment

 
Picture
This article originally appeared in the NYtimes.com

The Wolf Hunters of Wall StreetAn Adaptation From ‘Flash Boys: 
A Wall Street Revolt’
by Michael Lewis

(Excerpt)
"Before the collapse of the U.S. financial system in 2008, Brad Katsuyama could tell himself that he bore no responsibility for that system. He worked for the Royal Bank of Canada, for a start. RBC might have been the fifth-biggest bank in North America, by some measures, but it was on nobody’s mental map of Wall Street. It was stable and relatively virtuous and soon to be known for having resisted the temptation to make bad subprime loans to Americans or peddle them to ignorant investors. But its management didn’t understand just what an afterthought the bank was — on the rare occasions American financiers thought about it at all.

Katsuyama’s bosses sent him to New York from Toronto in 2002, when he was 23, as part of a “big push” for the bank to become a player on Wall Street. The sad truth was that hardly anyone noticed it. “The people in Canada are always saying, ‘We’re paying too much for people in the United States,’ ” Katsuyama says. “What they don’t realize is that the reason you have to pay them too much is that no one wants to work for RBC. RBC is a nobody.”"

Read the entire article here. 
sources;
1)  article - 
nytimes.com; 
http://www.nytimes.com/2014/04/06/magazine/flash-boys-michael-lewis.html?_r=0


2) image - nytimes.com;  www.salon.com; http://www.salon.com/2013/10/18/the_tax_that_could_save_america_from_wall_street_partner/

1 Comment
Steve P.
3/31/2014 08:33:48 am

This is a must read! Thanks for sharing

Reply



Leave a Reply.

    Picture

    Archives

    January 2023
    December 2022
    October 2022
    August 2022
    July 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    August 2020
    May 2020
    April 2020
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    November 2017
    May 2017
    March 2017
    January 2017
    December 2016
    June 2016
    February 2016
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014

    Picture
Love You Dreaddi | Stopwatch Creative | Collaborate and Elevate | Terms of Use | Submit | Est. 2014
  • Music
  • News
  • Blog
  • Podcast
  • OTHH