self-delusion, not greed, caused HBOS to fail | Joris Luyendijk

I’m not a fan of re-blogging, but sometimes I come across a post that strikes me as so noteworthy that I see no point in trying to summarize, I just hope you click and judge for your self. I’m a fan of Joris Luijendijk, his banking blog, and all his other work. I hope you take time to read the latest post on that banking blog, which argues that as long as bankers live in a world free of consequence, our finance system is doomed to fail. All of his financial sector interviews and reflections are worth reading but I felt that this particular one expresses his personal bewilderment with the subject quite well. He wrote a very similar post for his Dutch column in the NRC that starts off with: The best tip that I ever got as a writer was “keep being amazed” but for the first time in my career I don’t need that advice. The financial sector produces that amazement automatically – although ‘dismay’ might be a better descriptor. Or ‘desperation’. I’ve written about incentives myself and couldn’t agree more with his thinking.

When you’ve read Joris’ thoughts, come back here and enjoy the below.  It helps.

About roger henke

Still figuring out the story line that would satisfy myself here. Listening to what my family and friends evoke, what the words I absorb, the images that move me, the movements that still me, point to.
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