STUDY: The Societal Cost Of A Growing Financial Industry

When an aspiring rocket scientist abandons ship to join a hedge fund, how much does it actually cost society? In its annual report, the Bank of International Settlements points to a recent study that attempts to measure the societal cost of a growing financial sector. The study found that the financial industry — which continues [...]



via ThinkProgress http://thinkprogress.org/economy/2012/06/25/505858/study-the-societal-cost-of-a-growing-financial-industry/?mobile=nc