{"id":2433,"date":"2009-04-12T16:28:46","date_gmt":"2009-04-12T21:28:46","guid":{"rendered":"https:\/\/ctblueblog.com\/?p=2433"},"modified":"2009-04-12T16:28:48","modified_gmt":"2009-04-12T21:28:48","slug":"this-should-not-be-an-option","status":"publish","type":"post","link":"https:\/\/ctblueblog.com\/?p=2433","title":{"rendered":"This should not be an option"},"content":{"rendered":"<p style=\"clear: both\">According to the Times the <a href=\"http:\/\/www.nytimes.com\/2009\/04\/12\/business\/12wall.html?partner=rss&#038;emc=rss\">big banks are suffering from a brain drain<\/a> as the best and the brightest, their work done at the failed banks, go on to other things:<\/p>\n<blockquote style=\"clear: both\">\n<p>Top bankers have been leaving <a href=\"http:\/\/topics.nytimes.com\/top\/news\/business\/companies\/goldman_sachs_group_inc\/index.html?inline=nyt-org\" title=\"More information about Goldman Sachs Group Incorporated\">Goldman Sachs<\/a>, <a href=\"http:\/\/topics.nytimes.com\/top\/news\/business\/companies\/morgan_stanley\/index.html?inline=nyt-org\" title=\"More information about Morgan Stanley\">Morgan Stanley<\/a>, <a href=\"http:\/\/topics.nytimes.com\/top\/news\/business\/companies\/citigroup_inc\/index.html?inline=nyt-org\" title=\"More information about Citigroup Incorporated\">Citigroup<\/a> and others in rising numbers to join banks that do not face tighter regulation, including foreign banks, or start-up companies eager to build themselves into tomorrow\u2019s financial powerhouses. Others are leaving because of culture clashes at merging companies, like <a href=\"http:\/\/topics.nytimes.com\/top\/news\/business\/companies\/bank_of_america_corporation\/index.html?inline=nyt-org\" title=\"More information about Bank of America Corp\">Bank of America<\/a> and <a href=\"http:\/\/topics.nytimes.com\/top\/news\/business\/companies\/merrill_lynch_and_company\/index.html?inline=nyt-org\" title=\"More articles about Merrill Lynch &#038; Co.\">Merrill Lynch<\/a>, and still others are simply retiring early<\/p>\n<\/blockquote>\n<p style=\"clear: both\">If we allow a financial system to rise out of these ashes in which <em>anyone<\/em> doesn&#8217;t face tighter regulations, we will deserve the inevitable recurrence of this bubble and bust cycle.<\/p>\n<p><br class=\"final-break\" style=\"clear: both\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the Times the big banks are suffering from a brain drain as the best and the brightest, their work done at the failed banks, go on to other things: Top bankers have been leaving Goldman Sachs, Morgan Stanley, Citigroup and others in rising numbers to join banks that do not face tighter regulation, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-2433","post","type-post","status-publish","format-standard","hentry","category-economics"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/ctblueblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ctblueblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ctblueblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ctblueblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ctblueblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2433"}],"version-history":[{"count":1,"href":"https:\/\/ctblueblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2433\/revisions"}],"predecessor-version":[{"id":2434,"href":"https:\/\/ctblueblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2433\/revisions\/2434"}],"wp:attachment":[{"href":"https:\/\/ctblueblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ctblueblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ctblueblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}