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외고2 26년 1학기 원서 1,2과 외고2 26년 1학기 원서 1,2과
외고2 26년 1학기 원서 1,2과
외고2 26년 1학기 원서 1,2과
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4-8
The former chief executive of Bear Stearns, a Wall Street investment firm that collapsed in 2008, said he'd pondered long and hard whether he could have done anything differently. He concluded he'd done all he could. "I just simply have not been able to come up with anything... that would have made a difference to the situation we faced."30 Other CEOs of failed companies agreed, insisting that they were victims "of a financial tsunami" beyond their control." "A similar attitude extended to young traders, who had a hard time understanding the public's fury about their bonuses." "There's no sympathy for us any-where," a Wall Street trader told a reporter for Vanity Fair." "But it's not as if we weren't working hard."32 The tsunami metaphor became part of bailout vernacular, especially in financial circles. If the executives are right that the failure of their companies was due to larger economic forces, not their own de-cisions, this would explain why they didn't express the remorse that Senator Grassley wanted to hear. But it also raises a far-reaching question about failure, success, and justice. If big, systemic economic forces account for the disastrous loses of 2008 and 2009, couldn't it be argued that they also account for the dazzling gains of earlier years? If the weather is to blame for the bad years, how can it be that the talent, wisdom, and hard work of bankers, traders, and Wall Street executives are responsible for the stupendous returns that occurred when the sun was shining? Confronted with public outrage over paying bonuses for failure, the CEOs argued that financial returns are not wholly their own doing, but the product of forces beyond their control. They may have a point.
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1 The former chief executive of Bear Stearns, a Wall Street investment firm that collapsed in 2008, said he'd pondered long and hard whether he could have done anything differently. 2 He concluded he'd done all he could. 3 "I just simply have not been able to come up with anything... that would have made a difference to the situation we faced."30 Other CEOs of failed companies agreed, insisting that they were victims "of a financial tsunami" beyond their control." 4 "A similar attitude extended to young traders, who had a hard time understanding the public's fury about their bonuses." 5 "There's no sympathy for us any-where," a Wall Street trader told a reporter for Vanity Fair." 6 "But it's not as if we weren't working hard."32 The tsunami metaphor became part of bailout vernacular, especially in financial circles. 7 If the executives are right that the failure of their companies was due to larger economic forces, not their own de-cisions, this would explain why they didn't express the remorse that Senator Grassley wanted to hear. 8 But it also raises a far-reaching question about failure, success, and justice. 9 If big, systemic economic forces account for the disastrous loses of 2008 and 2009, couldn't it be argued that they also account for the dazzling gains of earlier years? 10 If the weather is to blame for the bad years, how can it be that the talent, wisdom, and hard work of bankers, traders, and Wall Street executives are responsible for the stupendous returns that occurred when the sun was shining? 11 Confronted with public outrage over paying bonuses for failure, the CEOs argued that financial returns are not wholly their own doing, but the product of forces beyond their control. 12 They may have a point.