By Rocky Vega
10/19/09 Stockholm, Sweden – Given that today is the 22nd anniversary of October 1987’s Black Monday market crash, it seems like an appropriate day for a bit of dark humor.
With bankers again raking in huge bonuses, profiting this time around from government bailouts, it makes sense to look at what kind of behavior is being rewarded.
The short answer? The wrong kind. There’s still a sucker born every minute.
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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