Thread: How did the financial crisis happen?
View Single Post
  #20  
Old 10-31-2010, 06:44 PM
Hatterasguy's Avatar
Hatterasguy Hatterasguy is offline
Zero
  
Join Date: Nov 2002
Location: Milford, CT
Posts: 19,323
Its actually very rational, the managers are thinking about their own self interests. Problem is their self interests cause problems for other people.

If they were investing there own capital their self interests would align better with others.
__________________
2006 CL500
1969 280SE
2023 Ram 1500
2026 Genesis GV70
2007 Tiara 3200
Reply With Quote