so i wasn t offended by that idea. it seemed like a pretty typical american goal, in fact. narrator: cathy o neil, a mathematician, came to wall street in 2007 after beginning her career in academia. i went to u.c. berkeley as an undergrad. i went to harvard for grad school. and then i was a postdoc for five years at mit. and i applied to work at a hedge fund, d.e. shaw, and i got the job. and i thought, this was great. i was a quant. a quant uses statistical methods to try to predict patterns in the market. arrator: h worwas used to predict when big pension funds would buy or sell so the firm could jump in ahead of their trades. i just felt like i was doing something immoral. i was taking advantage of people i don t even know whose retirements were in these funds. we all put money into our 401(k)s. and wall street takes this money and just skims off, like, a certain percentage every quarter. at the very end of somebody s career, they retire and they get some of that
getting bailed out? there was almost two ces of obama. publicly he wanted to tell you that these were the fat cat bankers. privately he wanted to get them onboard. a global crisis. the bankers were fanning out across europe. investment banks such as goldman sachs were eager to lend to risky places such as greece. even convents are being sold derivatives. and a culture of greed. it s actually known as casino banking. one loophole after another. they came down here like sharks to raw meat in the water. have i got a deal for you. money, power and wall street part two, tonight on frontline. frontline is made possible by contributions to your pbs station from viewers like you. thank you. and by the corporation for public broadcasting. major funding is provided by the john d. and catherine t. macarthur foundation, committed to building a more just, verdant, and peaceful world. and by reva and david logan, committed to investigative journalism as the guardi
getting bailed out? there was almost two ces of obama. publicly he wanted to tell you that these were the fat cat bankers. privately he wanted to get them onboard. a global crisis. the bankers were fanning out across europe. investment banks such as goldman sachs were eager to lend to risky places such as greece. even convents are being sold derivatives. and a culture of greed. it s actually known as casino banking. one loophole after another. they came down here like sharks to raw meat in the water. have i got a deal for you. money, power and wall street part two, tonight on frontline. frontline is made possible by contributions to your pbs station from viewers like you. thank you. and by the corporation for public broadcasting. major funding is provided by the john d. and catherine t. macarthur foundation, committed to building a more just, verdant, and peaceful world. and by reva and david logan, committed to investigative journalism as the guardi
getting bailed out? there was almost two ces of obama. publicly he wanted to tell you that these were the fat cat bankers. privately he wanted to get them onboard. a global crisis. the bankers were fanning out across europe. investment banks such as goldman sachs were eager to lend to risky places such as greece. even convents are being sold derivatives. and a culture of greed. it s actually known as casino banking. one loophole after another. they came down here like sharks to raw meat in the water. have i got a deal for you. money, power and wall street part two, tonight on frontline. frontline is made possible by contributions to your pbs station from viewers like you. thank you. and by the corporation for public broadcasting. major funding is provided by the john d. and catherine t. macarthur foundation, committed to building a more just, verdant, and peaceful world. and by reva and david logan, committed to investigative journalism as the guardi
getting bailed out? there was almost two ces of obama. publicly he wanted to tell you that these were the fat cat bankers. privately he wanted to get them onboard. a global crisis. the bankers were fanning out across europe. investment banks such as goldman sachs were eager to lend to risky places such as greece. even convents are being sold derivatives. and a culture of greed. it s actually known as casino banking. one loophole after another. they came down here like sharks to raw meat in the water. have i got a deal for you. money, power and wall street part two, tonight on frontline. frontline is made possible by contributions to your pbs station from viewers like you. thank you. and by the corporation for public broadcasting. major funding is provided by the john d. and catherine t. macarthur foundation, committed to building a more just, verdant, and peaceful world. and by reva and david logan, committed to investigative journalism as the guardi