Thursday, 14 August 2014

Wall Street : A Pathological Moral Environment : In a speech recently, the influential economist Jeffrey Sachs made the following statement : I'm going to put if very bluntly. I regard the moral environment as pathological...these people are out to make billions of dollars and nothing should stop them from that :They are tough greedy aggressive and feel absolutely out of control...and they have gamed the system to a remarkable extent. And they have a docile President, a docile White House, and a docile regulatory system that can't find its voice. Its terrified of these banks. If you look at the campaign contributions the financial markets are the #1 campaign contributors in the US now :We have a corrupt politics to the core... and both parties are up to their necks in this.

A Pathological moral Environment
 

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