Well, it used to be that banks were prohibited from taking risks. 100 years ago ... | Hacker News

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rhizome on Nov 8, 2011 | parent | context | favorite | on: Nassim Taleb: End Bonuses For Bankers

Well, it used to be that banks were prohibited from taking risks. 100 years ago banking was a boring job.

FJim on Nov 9, 2011 | [–]

In fact 100 years ago it was quite the opposite.

http://en.wikipedia.org/wiki/Panic_of_1907

weeksie on Nov 8, 2011 | [–]

Try 30 years ago.

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