Oh, if you ask me, the immorality pervading the global financial community has a face (and more important: THE IMPETUS!) in the form of United States Vice President Dick Cheney.
Dick Cheney's involvement with Halliburton getting contracts in Iraq after the US invasion of Iraq and Cheney's continued denial of his link to Halliburon makes a mockery of the ideas of morality, accountability and conscience that normally govern other human being.
That unreprimanded Cheney greed factor, observed by other corporate leaders, has given the corporate types the impression that they can do anything with impunity and reinforced the idea that they can get away with anything.
The public's awe of "celebrity financial whizzs" (people who make an insane amount of money -- never mind that the money-making methods are not morally sound) combined with the blatant greed (and utter lack of accountability) displayed via Cheney by the Bush administration has surely led to the state of the financial crisis today.
There are many other strains that have also directly led to the financial crisis, but if you look at Lehman Brothers' collapse and the rest of the domino effect of the "Cheney-immorality fallout", I am sure the immorality and double-standard that the Bush administration seemingly endorses can be built into a somewhat convincing case as one of the basis of the present financial cirisis worldwide.
Picture of Dick Cheney by Lawrence Jackson for AP
The King and U
4 days ago
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