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The Street, The Bull and The Crisis Options
progpen
Posted: Thursday, March 10, 2016 12:16:19 PM

Rank: Advanced Member

Joined: 10/2/2015
Posts: 1,701
Neurons: 253,613
Location: Minneapolis, Minnesota, United States
Historic Survey of Financial Services Professionals Reveals Widespread Disregard for Ethics, Alarming Use of Secrecy Policies to Silence Employees

FTA: "The survey, the most expansive of its kind, polled more than 1,200 U.S. and UK-based financial services professionals to examine views on workplace ethics, the nexus between principles and profits, the state of industry leadership and confidence in financial regulators. With findings pointing to a continued disregard for ethical engagement and alarming new tactics to silence potential whistleblowers, the industry appears to be faltering in its reform efforts."

I don't see this as a surprise, but more of a validation. We have known this kind of thinking (laws are for other people, not us) is rampant on Wall Street. We have seen the results many times over. We have seen firsthand the results not only of deregulation, but of the lack of enforcement of regulations that are in place.

Nolite te bastardes carborundorum
Hope123
Posted: Thursday, March 10, 2016 7:28:56 PM

Rank: Advanced Member

Joined: 3/23/2015
Posts: 7,660
Neurons: 44,241
Location: Burlington, Ontario, Canada
Thanks for the link, Progpen. Scary.

A man must be excessively stupid, as well as uncharitable, who believes there is no virtue but on his own side. Addison
pljames
Posted: Friday, March 11, 2016 7:10:21 AM

Rank: Advanced Member

Joined: 10/12/2013
Posts: 1,414
Neurons: 15,207
Location: Marble, North Carolina, United States
What can Americans do to get back to democracy, we allowed socialism to overtake us? Paul Writer One
progpen
Posted: Friday, March 11, 2016 8:17:07 AM

Rank: Advanced Member

Joined: 10/2/2015
Posts: 1,701
Neurons: 253,613
Location: Minneapolis, Minnesota, United States
Hi Paul.
The issue that this uncovers is that deregulation has created an industry that is totally dependent on Crony Capitalism in order to prey upon the citizens of the US unchecked.

Where in particular do you see that socialism has overtaken us? I'm only curious because I know where socialism exists in the US and there are very few people who actually want to get rid of the police, fire department, the roads, Social Security, Medicaid or Medicare even though Tea-publi-con politicians do enjoy making mean faces at Social Security.

Nolite te bastardes carborundorum
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