Here's why Wall Street has a hard time being ethical

[Iwillnevergiveup]

http://www.theguardian.com/business/2013/nov/25/wall-street-hard-time-ethical



A new report finds 53% of financial services executives say that adhering to ethical standards inhibits career progression at their firm. A former Wall Street trader describes why

[Voice for Peace]

1. Outstanding article. Worth a click and full read, easy reading too!

After a few years on Wall Street it was clear to me: you could make money by gaming anyone and everything. The more clever you were, the more ingenious your ability to exploit a flaw in a law or regulation, the more lauded and celebrated you became.

[RC]

2. Wonderful. Lets remove even more laws, rules and regulations so they can be even more successful.

[Scuba]

3. Plus, there's not penaly when you get caught. You just have to give back part of what you stole.

[Blue_Tires]

6. exactly...

without the deterrence of harsh punishment, the rule of law has no teeth whatsoever...

[bemildred]

4. The rot comes from the top, that's what I hear in this. nt

[Iwillnevergiveup]

5. The theme of

"I got mine, good luck to you" rings through loud and clear.

[Brigid]

7. Now I know why . . .

Calculus is a required course in the Business Management major at my school. And it's just a two-year community college.