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Apr 5, 2017

04/05/2017: Wall Street ethicists love to be bored

The New York Fed reports that total outstanding household debt in this country is juuuust about where it was in 2008. Remember 2008? We’re thinking about debt a little differently now, though. Then, a conversation with a big bank ethicist, who tells us what he does and how he measures success. Plus, why Panera’s worth $7.2 billion to the equity group JAB, and another dispatch from Erie, Pennsylvania. 

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"Wall Street writ large," author William Cohan says, "is this whole huge finance effort worldwide that really importantly provides capital to people who need it by taking it from people who have it to invest."
"Wall Street writ large," author William Cohan says, "is this whole huge finance effort worldwide that really importantly provides capital to people who need it by taking it from people who have it to invest."
(BRYAN R. SMITH/AFP/Getty Images)

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The New York Fed reports that total outstanding household debt in this country is juuuust about where it was in 2008. Remember 2008? We’re thinking about debt a little differently now, though. Then, a conversation with a big bank ethicist, who tells us what he does and how he measures success. Plus, why Panera’s worth $7.2 billion to the equity group JAB, and another dispatch from Erie, Pennsylvania. 

04/05/2017: Wall Street ethicists love to be bored