It seems to me that we need to make two fundamental changes.
First to reform the banking business - more service not product, stop the money go round, e.g. CDS. Stop pouring good many after bad - if you make a poor investment you must be allowed to loose it, e.g. housing equity versus mortgage loans.
Second to change our gaze from making money as a life goal, to making wisdom or intellectual achievement as our life goal. After all we are better designed to think than just shove money around.
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