Know-it-alls can't tell right from wrong

Steven PearlsteinThrough the clear eyes of plain common sense, Steven Pearlstein in today's Washington Post looks at those Wall Street sharpies who are lining up to defend the good old boys at Goldman Sachs in its rumble with the SEC. Mr.  Pearlstein writes, "Wall Street's know-it-alls can't tell right from wrong. --  I honestly don't know whether Goldman violated Section 10(b) of the Securities Exchange Act of 1934. What I do know is that the facts outlined in the government case are a powerful and convincing reminder of Wall Street's complete and utter amorality. There, concepts like truth, justice, fairness, trustworthiness, duty of care, right and wrong are now totally without meaning. There is only buy or sell, long or short, win or lose."

He goes on to take that Wall Street crowd to task, not that it's going to move members of that mob one inch toward reforming themselves, but it just might remind America why, she doesn't trust the Wall Street sharpies.

Link: Washington Post