why does the banker think the lawyer will be indebted to him for his happiness
In one key way, banking is very similar to law: getting more senior would mean spending less time doing financial analysis and more time sucking up to clients, and I didn't like sucking up to clients. I wanted to do something else. He excused his errors by saying he'd become an attorney so he wouldn't have to do math. Your IP: 213.239.217.177 • as well as other partner offers and accept our. Plus, I didn't wake up in the morning excited to underwrite the next loan. How does the reader’s knowledge of the events in paragraphs 22-30 reveal the banker and the lawyer’s different points of view and develop suspense? I worked on one deal with a complicated financial structure, and our expensive Biglaw attorney kept failing to accurately describe the structure in the loan agreement. This is why TV and radio interviews don't stress me out: Wells Fargo's credit officers are much tougher than any MSNBC panelist. • A leading-edge research firm focused on digital transformation. But Wells Fargo was doing much better than its peers because of the bank's unusually sane attitude toward credit, and the sort of vanilla lending I was doing there remains in much better standing than more exotic products. In other words, I could easily have stayed in banking if I had wanted to. being able to understand many things in many languages. I worked on construction financings in New York and Washington and unsecured loans to real estate investment trusts. Sign up for Insider Finance. I took a pay cut and went to work for the Tax Foundation, doing research on state and local finances. So I found a more cost-effective way to delay my decision about what to do with my life: I became a corporate banker. Why Becoming A Banker Instead Of A Lawyer Was The Best Life Choice I Ever Made ... so he wouldn't have to do math. I learned about zoning, rent control, property tax credits, brownfield cleanup, and many other land-use policy issues that I write about today—and I got to see how policy in these areas affected the choices of real estate developers. Account active But I'm also glad that I was one for a time—and that I never became a lawyer. By our agreement I ought to pay him two million. Another way to prevent getting this page in the future is to use Privacy Pass. Of course, 2008 wasn't a great time for banking, either. Being a corporate lawyer is even more terrible than it used to be. Performance & security by Cloudflare, Please complete the security check to access. Broadly, my job involved defending the choice to make a loan against a given piece or pool of real estate, either to loan officers inside the bank or to outside investors interested in buying Wells Fargo's debt. what does the banker think will happen once the lawyer is free? Even when the lawyers weren't screwing up, they were always having to be solicitous, stay late, and turn documents around as quickly as possible. The stories dominating banking, business, and big deals. I asked him how many hundreds of dollars an hour we'd have to pay for a lawyer who could also do math. If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware.

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