Tahoe is Walking On
Global Finance, Energy and Environment: News, Views, and Stories of Interest
Saturday, September 24, 2011
Comment to: The Fales Dichotomy of Greed (MarcoBusiness)
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September 24, 2011 at 11:00 pm
the abdication of regulatory oversight
This premise is brought forward and is valid in many respects. However, what
bothers me is the fact that regardless of any regulation, and its oversight and enforcement, the individual must still take responsibility for their own actions.
Whether it is on the Macondo drill deck, in the executive offices of the TBTF
Bank CEO, or the cook at the local dinner – each individual needs to
understand the consequences of their decisions. Environmental. Social.
Technical. Financial. Its all the collective action of many individual decisions. Collectively we’ve created this reality. The market behaves exactly as its
participants bid/sell – figuratively and in reality.
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