Wall Street is populated by a bunch of people whose primary goal is to make money, and the rules are pretty much caveat emptor.

I think the problem with schools is not too many incentives but too few. Because of tenure, teachers' unions, and the fact that teachers generally aren't observed in their classrooms, they can do whatever they want in class.

You'd be a fool or a deluded idealist to think ethics would be prominent on Wall Street. That is not a statement against people in the money business, just a fact.

Steven Levitt Quotes