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How financial plutocrats are constantly repeating past mistakes

Ever since the financial crisis, investment bankers have been constantly questioned about whether they have any larger social purpose besides making money. What they invariably say is that they play a critical role in capital formation, meaning that they help companies raise the money they need to grow and prosper.

The LinkedIn deal suggests something darker. The crisis hasn’t changed them a bit. They’re still just in it for themselves.

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  1. fredericguarino posted this
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