Which is the bigger threat to the world’s peace and prosperity – geopolitical conflict or financial disarray? In a more violent world, it is easy to forget the significant danger posed by finance.
By Richard Beales
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
from Edward Hadas:
I was unceremoniously kicked out of my last job in finance early in 2004. It was a career turning point for me after 24 years as an equity analyst at eight firms – brokers and investment managers – in both the United States and Europe. I took shelter in financial journalism. Much has changed in the money business since then. But reading about the behaviour that has led to a litany of huge fines, I fear that too much remained the same, at least until very recently.