From the web site, Ethical Business Ethics
http://ethicalbusinessethics.blogspot.com/2013/09/happy-crash-anniversary-sort-of.html
Below these brief remarks are the writings of Rose-Anne Moore in her blog, Ethical Business Ethics. I’ve read some of her writing and I like what I see. Hopefully I can bring you more of her views on the world of business and Ethics.
James Pilant
It’s been five years since the financial markets nearly melted down, and threatened to take the whole US economy down with it. Feel like celebrating the anniversary?
I don’t, either.
The recovery has been unexciting, to say the least, and none of the big players have gone to jail. The best the Justice Department seems to be able to do is go after little fish. (I’m talkin’ ’bout you, Fabulous Fab!)
In fact, every since Fabrice Tourre, formerly of Goldman Sachs, was found liable for fraud early last month (click here for an example of the numerous news accounts), I’ve been thinking about the ones that got away. (I’m thinkin’ ’bout you, Jamie Dimon!)
What’s changed since 2008? What did we learn from the fall of Lehman Brothers? Not much. In Robert Reich’s words for Salon, the biggest banks are still “too big to fail, too big to jail, too big to curtail”. (click here for full essay)
Good way to start your Monday, right?
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