Thursday, November 3, 2011

Financial integrity

I think Walter Russel Mead has it about right here:

Finance is inevitably and properly going to play a big role in American life going forward. The cultivation of a high standard of morality among those who engage in this vital function is something our society must insist upon. We have done a lamentably poor job of creating a culture of honesty and integrity among the financial elite; the costs of this failure are ruinous and things have to change.

We're a long way from this and it has cost us.

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