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http://money.msn.com/retirement-plan/your-adviser-could-be-a...

The prevalence of psychopathy on Wall Street is unknown -- but Hare wouldn't be shocked if it were far above the rate in the general population, which is about 1%.

"It may be even higher than 10%, on the assumption that psychopathic entrepreneurs and risk-takers tend to gravitate toward financial watering-holes, particularly those that are enormously lucrative and poorly regulated," Hare wrote in a comment on his website. "But, until the research has been conducted, we are left with anecdotal evidence and widespread speculation."

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I don't know what psychological term you want to put on it, but I've long maintained that the financial services industry attracts more than it's share of rogues and thieves.

intercst
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intercst,

but I've long maintained that the financial services industry attracts more than it's share of rogues and thieves.

While I believe this to be true, I would expand that to any area where funds are available and not properly monitored.

Locally, I have seen low-level administrators in school districts and one sheriff's office go to the grey-bar hotel for stealing public money. One of the school districts had 3 people embezzle over $300K.

Recently, a fire chief stole around $20K from his department. For a west Texas VFD, that is a large amount to lose. Personally, I would have given him life for that one.

Charities? Don't get me started there. I am sure you have seen the (name your own- boy/girl/family) that has a (rare disease/massive injury/etc) that needs money on the web somewhere. Too many have been found to be a complete fraud. Our local TV stations mentioned one of these 3 or 4 years ago then found out months later that the whole thing was a hoax. Now they only carry local stories that are vetted and normally go to a local bank.

Greed is universal to everyone. How an individual controls the urge just goes back to their moral character.

Gene
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" ...the financial services industry attracts more than it's share of rogues and thieves."

While I believe this to be true, I would expand that to any area where funds are available and not properly monitored.

Right. As examples, I would also mention internet con men who send emails from foreign countries promising millions of dollars. This is a HUGE industry.

Recently, I heard an interesting show on the radio in which the con man was on the phone encouraging his victim to send the money (I think it was $10,000) instead of using it for the operation that the victim's child needed. In this case, the show was an exposé: the "victim" was really a scambaiter and the child was only a fiction -- but the con man on the telephone line was real. He really thought that he was going to steal the money that was needed for a victim's child's operation.

culcha
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Charities? Don't get me started there. . . . Too many have been found to be a complete fraud.


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So the "former" Lt Gov of FL found out! [the hard way]

http://www.huffingtonpost.com/2013/03/13/jennifer-carroll-re...
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Greed is universal to everyone. How an individual controls the urge just goes back to their moral character.


Psychopaths don't HAVE a moral character. They don't even understand the concept. In a sense, psychopaths aren't really human.
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Psychopaths don't HAVE a moral character. They don't even understand the concept. In a sense, psychopaths aren't really human.

Sounds a lot like most politicians.
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