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View Diary: Open thread for night owls: Three cheers for a bank that needed no bailing out (71 comments)

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  •  Wall street has its problems and I (1+ / 0-)
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    JeffW

    and I am very glad BND is doing very well.

    But I am going to go out on a limb and say that executive team is motivated by something other than pay.

    Those individuals probably for whatever reason really really want to live in ND and that is their best option living in that state.

    But "wall street" is right that their personnel will leave if they are not paid the "sky high" rates.

    Many people do what they want for a living, follow their dreams and do not care about their pay rate.

    Which is fine.

    Many follow the money...and lets face it many of the wallstreet'ers are essentially intellectual mercenaries.

    This people for the most part are not dumb..someone will pay they well for their minds...if its not wall street than they will find another employer.

    But that is where we as society need to come in an make a decision which professions and industries deserve better pay. Our quality professionals  will follow the money.

    The situation right now is derived from a lack of direction set by a central government....

    Long story short many thousands of very smart people have collectively figured out that it is a lot easier of make millions by essentially skimming the hard  dollars of other industries than to make products of value themselves.

    Untill we change that via stronger government controls over the market..this will be the reality.

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