The ethical subversions which have cost banks and their shareholders so much, the collusion and self-dealing, were genuinely frowned on in my parts of the financial world. However, the wide gap between our practices and our clients’ true interests was so inherent in our business proposition that I can easily imagine how such behaviour seemed perfectly appropriate to practitioners elsewhere in the firms.
Saturday, November 8, 2014
Hat tip to Jack Ayer for pointing out this interview about ethics and finance.
Here. My favorite paragraph in the interview?