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by circlefavshape
2600 days ago
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> I'll be the first to admit that much of my zealous advocacy was indeed a net-negative for society Curious to find out more about this, and how you felt about it while you were doing it, if you're willing to talk about it. |
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When I moved to investment banking, where the state regulators play a bigger role (with a much smaller budget) and the clients are wealthy families instead of investment funds, that's when it started to feel dirty. State regulators are... at best woefully ineffective and at worst completely clueless as to how the industry operates (they tend to be career government people).
Not meaning to offend anyone's politics but I often told my friends that I was Kelly Anne Conway putting forth an argument that was really kind of a stretch. I felt obligated to advocate but I also felt the regulators and auditors really should have objected or tried to negotiate but they almost never pushed back. Sometimes because they just didn't care but more often because they didn't know any better.
At the hedge fund, a "win" was collaborative and strategic and felt like I had earned it. At the bank a "win" felt a lot like bullying.