Monday, October 6, 2008

Ethics Makes a Comeback

At least I hope that would be the headline in a few months. Ken Connor provides a great article that gets to the root of the problem, and it is not surprising to find dishonesty and greed at the root. We can all talk a lot about the problem a market may have, or the problems with the "system" or "politics," but the real problem comes from dishonesty and greed, individually and collectively. It does make perfect sense. Until the root problem is fixed, no action (or inaction) will fix the problem. We can bailout the market, or not bailout the market, but until we demand honesty and transparency in the financial market, and actively prosecute fraud, we will end up right back where we are right now. And again, we need to address is collectively and individually.

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