Media outlets across the country trumpeted the stunning news with headlines like this: “Citigroup Punished.” At last, went the storyline, the Justice Department brought down the hammer on one of the greed-headed Wall Street giants that are guilty of massive mortgage frauds that crashed our economy six years ago. While millions of ordinary Americans lost […]
Citigroup
Posted inOpinion
Sniffing the ethical rot in Wall Street’s culture
Not too many years ago, any news story about bonus money would’ve been about some 20-year-old baseball player – an up-and-coming superstar getting $100,000 or so on top of his salary as an extra incentive to join the Yankees, Giants, Red Sox or whatever team. Sportswriters dubbed them: “Bonus Babies.” How quaint. These days, stories […]
Posted inOpinion
The ‘helping hands’ helping themselves
The word “help” is so uplifting, conveying our best humanitarian values. How odd, then, to see it used in this New York Times headline: “Banks’ Lobbyists Help in Drafting Financial Bills.” I’ll bet they did! We all know how altruistic, beneficent and kindhearted Wall Street lobbyists are – when it comes to helping themselves, that […]
