Earlier quoted context omitted.
That’s the beauty of working in finance, it’s all subjective. A janitor can’t fudge a dirty bathroom, a mechanic can’t fudge a broken car, a plumber can’t fudge cold water into hot water. But in finance, you can make whatever results you want come true for a long time. And if you have the government’s back who can print funds, that long time could be until the country blows up.
Disagree - every job has bad work that doesn't appear so until later. The mechanic who just uses a cheap fix to get you out of there, the plumber whose work results in a frozen pipe that leaks behind a wall, etc. Finance is no different. The only issue is that in a capitalist society, bankers hold a lot of political/economic influence, and this results in bad incentives for the rest of us.
Re: Whistleblower: Wall Street Has Engaged in Widespread Tampering of Mortgage Funds
#81Yes, the other day I found out my mechanic did terrible job fixing my car and in fact they damaged it. I came back to the garage and rewarded them with obscene bonus money. I also reassured them that I will be coming back for more business in the future.