BlackRock Plans to Cut About 400 Jobs in Coming Weeks

Re:BlackRock Plans to Cut About 400 Jobs in Coming Weeks by tablewatcher on Wednesday March 30, 2016 @05:36PM (#11393230)

As a guy who has recently started to come out of debt and starting to prepare for pension and savings, the more I learn about the financial industry the more it scares me. It seems like a zero sum game and nothing more than sophisticated gambling.

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Re:BlackRock Plans to Cut About 400 Jobs in Coming Weeks by saasyguy on Wednesday March 30, 2016 @05:44PM (#11393275)

Everything can be said to be "sophisticated gambling." Nothing is certain, and only those who don't understand finance believe that any financial instrument whatsoever is a certainty. And even outside finance: the job you took isn't certain, nor is the car you bought or the marriage you entered into. Finance has its problems but the gambling aspect isn't the root of it.

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Re:BlackRock Plans to Cut About 400 Jobs in Coming Weeks by chillwaves on Wednesday March 30, 2016 @05:46PM (#11393291)

The difference is whether you are the house or you are getting screwed by the house. My guess, most people are not the house.

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Re:BlackRock Plans to Cut About 400 Jobs in Coming Weeks by caminante on Wednesday March 30, 2016 @06:01PM (#11393379)

Except your "house" is undergoing layoffs.

It's not hard to manipulate markets. It IS hard to manipulate markets and make a profit!

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Re:BlackRock Plans to Cut About 400 Jobs in Coming Weeks by cylinder on Wednesday March 30, 2016 @10:48PM (#11394661)

It goes beyond gambling, it's far more feudal than that. Read Michael Hudson's book "Killing the Host."

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