Tom Friedman wrote today about the ethical void that popped out of the revelations of Bernard Madoff’s colossal Ponzi scheme.
Continue ReadingThe Madoff affair is the cherry on top of a national breakdown in financial propriety, regulations and common sense. Which is why we don’t just need a financial bailout; we need an ethical bailout. We need to re-establish the core balance between our markets, ethics and regulations. I don’t want to kill the animal spirits that necessarily drive capitalism — but I don’t want to be eaten by them either.