The Fourteenth Banker Blog

April 26, 2010

Goldman and the Decline of Integrity

Filed under: Uncategorized — thefourteenthbanker @ 6:41 AM

This short article says a lot. It explains a lot that has been commented on in this blog and it’s comments.

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2 Comments »

  1. I thought this comment flagged by Kevin Drum, from Martin Wolff at the Financial Times, says a lot:

    “Financial systems are important servants of the economy, but poor masters. A large part of the activity of the financial sector seems to be a machine to transfer income and wealth from outsiders to insiders, while increasing the fragility of the economy as a whole. Given the extent of the government-induced distortions in the system, even the fiercest free marketeer should accept this.”

    Comment by Breezeblock — April 27, 2010 @ 10:44 PM | Reply

  2. That linked article, which is an interview with a clinical psych who has a lot of insight into narcissism, is one of the best things I’ve read on our botched economic system. Narcissism and a lack of healthy emotional attunement is surely at the heart of this beast.

    Thanks for that link.

    Comment by readerOfTeaLeaves — April 29, 2010 @ 11:45 AM | Reply


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