Trial begins for the "cum/ex" bankers accused of stealing €447m and trying for €60b

Originally published at: https://boingboing.net/2019/09/24/curse-the-finance-curse.html

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From the article:

Hailed as a maths prodigy at school, Shields accepted a junior position at Merrill Lynch after studying engineering, economics and management at Oxford University because the trading room floor offered him a thrilling, dynamic environment. He was not alone: of 120 engineers in his year group at university, Shields added, only five went into engineering.

What a waste.

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While Shields did not respond directly to the charges of serious tax fraud this week, he said in hindsight he had started to feel regret about devising the schemes, which hoovered up money that could have otherwise been spent on building roads, hospitals or nurseries.

mal-speechless

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But probably no regrets about the money…

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A number of my contemporaries went into finance instead of engineering and were either active or passive contributors to the global financial crisis - think Bear Stearns, Lehman Bros, Merril Lynch, etc. - rather than inventing and designing things that help people.

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