Dec 16
2008

Thomas Friedman's Right - Call For Ethical Bailout

Posted by Nalini Indorf Kaplan in The EconomyInvestment Reform

 I'm almost afraid to read the newspaper anymore. It's beyond discouraging to see one scam artist after another ripping off people in the financial world.

You gotta read the latest from Thomas Friedman, titled:
The Great Unraveling

Friedman writes of his experience in Hong Kong recently, when an American businessman asked him an unprecendented question, "So, just how corrupt is America?"

How did we become a country that rewards sellouts? 

My opinion is that people let greed and "it-won't-affect-me-itis" win out over common sense and integrity.

It's a good thing that the day of financial reckoning is here upon us.  The price is severe and who knows how much longer the damage will  take. Let's get busy in restoring confidence in ourselves.

Bernie Madoff and countless others have sold their integrity. A real shame since there's no price payable to get that back.  


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