By Rocky Vega
11/04/09 Stockholm, Sweden – Because Wall Street’s gambling addiction is financed and supported by the American taxpayer. Win or lose, these bankers have figured out that extreme financial risk taking is always the right strategy… because the megabanks are still too big to fail.
Thanks to The Reformed Broker for bringing this game of roulette to our attention… although it may as well be Russian.
Rocky Vega is a regular contributor to The Daily Reckoning. Previously, he was founding publisher of UrbanTurf and RFID Update, which he operated from Brazil, Chile, and Puerto Rico, and associate publisher of FierceFinance. He specialized in direct marketing at MBI, facilitated MIT Sloan School of Management programs, and has been featured on CBS. Vega graduated with honors from Harvard University, where he was on the board of Let’s Go Publications and directed business programs involving McKinsey, Goldman Sachs, and Harvard Business School faculty. He is also enrolled at the Stockholm School of Economics.
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