Michael Lewis says, “People see what they get paid to see.” Wall Street experts, according to Lewis, are paid to not see certain things, as well. Is Wall Street’s bonus culture unsustainable? Has Wall Street been designed to win when it loses?
The following “60 Minutes” interview is an amazing story from the inside of the mortgage securities industry and how experts made money creating a disaster and are now making money cleaning up the disaster. Imagine being paid to run your organization into the ground…watch it.
Donald Teel is a Senior Associate and Principal with Arizona Commercial, an Arizona commercial real estate brokerage and property management firm, headquartered in Prescott, Arizona. Need more information? Please call (928) 777-8100 or, if you prefer, you may email Donald Teel