Friday, April 29, 2011

The Financial Crisis is a Manifestation of Widespread Moral Decline

"[A]fter a career in finance I look aghast on what has happened since the turn of the 21st century. The conclusion I have come to is that the present financial crisis was caused by, and is one of the most blatant manifestations of, widespread moral decline in our society."

-- George C. Karlweis, Geneva banker to George Soros, speaking safely in retirement, here