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Surprise!!! Pressure To Act Unethically Looms Over Wall Street, Survey Finds
"A new survey of financial professionals tends to confirm the widely held belief that the financial industry has an ethics problem.
Among the more than 1,200 financial professionals in the U.S. and Britain who were surveyed, about half the respondents believe their competitors in the industry have behaved unethically or illegally to gain an advantage in the market."
Did massive globalization spell the end of markets or just the end of regulation of markets? Perhaps the "Wall Street" model is just in the last throws of failure as a means of investing. What is looming when/if the full fruition of "free market" morphs as a criminal enterprise instead of the promised efficient economy?
LOL, noooo way. Wall Street feeling pressure to be unethical? Perhaps having the government cater to every whim of the banks, actually doing more than a "slap on the wrist" when they are corrupt or not letting them become WAY To Big To Fail might have been helpful. Oh well.
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