And Still Nothing Has Changed in Banking
Not to be overly trite, but as the old saying goes: "The definition of insanity is doing the same things and expecting different results." I can't help but look at the recent results from the major banks and think that not a darn thing has changed. JPMorgan, Goldman Sachs, Morgan Stanley... reaping huge rewards from prop trading desks and nobody has any idea what they're actually doing behind closed doors.
Here's my latest rant on the situation on Fool.com.
Any thoughts from the community? Am I off my rocker or are the banks still playing with fire?