http://6ampacific.com/2009/03/01/banks-and-the-dreaded-n-word/ Basab Pradhan's weblog about business and life in a 'flat world'. 6 AM Pacific is the best time for a global conference call. Tue, 27 Jul 2010 19:39:26 +0000 hourly 1 http://wordpress.org/?v=3.0 http://6ampacific.com/2009/03/01/banks-and-the-dreaded-n-word/comment-page-1/#comment-16145 Sujeet Pillai Wed, 04 Mar 2009 08:23:43 +0000 http://6ampacific.com/?p=327#comment-16145 This is one of your best posts to date. Hilarious... Especially that last paragraph. This is one of your best posts to date. Hilarious… Especially that last paragraph.

]]> http://6ampacific.com/2009/03/01/banks-and-the-dreaded-n-word/comment-page-1/#comment-16140 Krishna Mon, 02 Mar 2009 07:56:52 +0000 http://6ampacific.com/?p=327#comment-16140 The cultural aspect - I figure there is a powerful lobby of Wall Street I-Banks in Washington that has a clear vested interest in perpetuating outsized compensation packages and other benefits, unheard of in any other Industry. Not just in terms of all the campaign contributions given by the banks, but also by virtue of the personnel who move from Wall Street to Washington and back at very high levels. The other important fact is that most people in Washington, even those at relatively responsible levels of public policy, find themselves somewhat intimidated by Wall Street. Often, they don’t fully understand finance. They fear that they will be held accountable if something goes terribly wrong with financial markets, particularly if they have not done what Wall Street wants. The cultural aspect – I figure there is a powerful lobby of Wall Street I-Banks in Washington that has a clear vested interest in perpetuating outsized compensation packages and other benefits, unheard of in any other Industry. Not just in terms of all the campaign contributions given by the banks, but also by virtue of the personnel who move from Wall Street to Washington and back at very high levels. The other important fact is that most people in Washington, even those at relatively responsible levels of public policy, find themselves somewhat intimidated by Wall Street. Often, they don’t fully understand finance. They fear that they will be held accountable if something goes terribly wrong with financial markets, particularly if they have not done what Wall Street wants.

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