I think you all misunderstand me. First I have no sympathy for any of these people. My comment about going from Millions to zero meant they should be kissing our hairy beanbags for the opportunity to not be unemployed. If I did not think that letting them just fail as institutions would have been more detrimental to the average person out there, I would have been thrilled to see them all out on their asses.
The fact that the financial business is an insider business is just life. That is just how it is. You can go almost anywhere that the payscales are high and it will always be staffed with relatives, friends, and as favors. That is human nature to look out for your own. In the marine industry it is the norm. You will not see a Harbor pilot or river tug company that is not staffed with family. Don't kid yourself these guys make really good money, $200k+. That is good money for people that probably do not even have a GED. No one says it's "right" or "fair", you do not have to condone it, it just is.
The fact that the financial business is an insider business is just life. That is just how it is. You can go almost anywhere that the payscales are high and it will always be staffed with relatives, friends, and as favors. That is human nature to look out for your own. In the marine industry it is the norm. You will not see a Harbor pilot or river tug company that is not staffed with family. Don't kid yourself these guys make really good money, $200k+. That is good money for people that probably do not even have a GED. No one says it's "right" or "fair", you do not have to condone it, it just is.