From this Sunday’s New York Times in an article entitled Wall Street, R.I.P.:
In search of ever-higher returns — and larger yachts, faster cars and pricier art collections for their top executives — Wall Street firms bulked up their trading desks and hired pointy-headed quantum physicists to develop foolproof programs.
Quantum physicists? Come on media get it right. I’m pretty sure those were string theorists who ruined America 😉
Personally I think we should use the association of Ph.D. physicists as the cause of the Wall Street mess to lobby for higher science funding. “Sure you could cut science funding, but then all those Ph.D.s are going to end up on Wall Street and the next thing you know everyone will be on the street stuffing newspaper in their shoes to keep warm.”