Top bankers have been leaving Goldman Sachs, Morgan Stanley, Citigroup 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’s financial powerhouses.THIS ILLUSTRATES ONE OF THE MANY REASONS SOCIALISM AND GOVERNMENT INTERFERENCE IS BAD FOR THE ECONOMY.
Others are leaving because of culture clashes at merging companies, like Bank of America and Merrill Lynch, and still others are simply retiring early.
This is certainly a concern for the banks losing top talent.
... Vikram S. Pandit of Citigroup and Jamie Dimon of JPMorgan, for example, say it will be harder to break away from taxpayer support if the workers most capable of steering their banks toward recovery walk away.
- THE BAILOUTS WERE A MISTAKE.
- WHAT IS DRIVING OUR ECONOMY BACK TO HEALTH IS NOT OBAMA'S STIMULUS OR TAXES.
- IT IS THE END OF MARK-TO-MARKET, AND IT IS THE HARD WORK OF MILLIONS OF AMERICANS WHO DESIRE A BETTER LIFE.
- GOVERNMENT ONLY GETS IN THE WAY.