If we trace the origin of finance, there is evidence to prove that it is as old as human life on earth. The word finance was originally a French word. In the 18th century, it was adapted by English speaking communities to mean the management of money.” Since then, it has found a permanent place in the English dictionary. Today, finance is not merely a word else has emerged into an academic discipline of greater significance. Finance is now organized as a branch of Economics. In early 2004, after examining what was happening with retirement funds being managed by mutual fund managers, I decided to take control of my own investments. It was a huge learning curve, but worth it. I’ve never had a losing year since I started trading in April 2004. I mainly trade equities and ETFs in the US and Canadian markets. Good information here on investing!
As far as sexism and racism go, in every hiring search I have participated women and minorities are placed at the top of the list, everything else being equal. And I have participated in at least one search, I will not disclose for which institution, where we excluded all male candidates because they were men, and we felt we sorely needed another woman in the department. However, maybe it is precisely these practices that generate the juvenile behavior that I too disaprove of.
Unwinding these structures is far more difficult than they initially presented in the exercise. It involves legal structures, legal issues, foreign operations, dividends upstreamed, intercompany transactions unwound, securities up for sale, loan portfolios reduced, cash funneled from subsidiaries abroad and siphoned up to the holding company. Not quite on board with the fundamental purpose of the exercise, some banks have not fared well in the exercise. After receiving unsatisfactory grades, they now do.