basic securities fraud. criminal misconduct. criminal indictment. unethical. immoral. As the Economist wrote ~ is this the 'tobacco moment' for the finance industry?
Below is an excerpt from the comments section on Naked Capitalism. The point made by the commenter is exactly along the lines of my thinking. So I replied as such. Each and every action and decision is made by someone or some committee. These are people with conscious minds. These are people that are well educated, leaders of society. I do not buy the notion that their behaviour was somehow NECESSARY. If I don't understand the system, and that represents some of that understanding. Then I don't want to understand it.