What lessons have we learned from high-profile crooks like Bernard Madoff and Allen Stanford ? Are they any different from the gangsters and organised crime bosses that makes their money in similarly illicit fashion. Are they worse than the rats,flies,maggots, cockroaches and all the vermin that humans find awfully disgusting.They can cheat you for yonks without you knowing it.They live the high life at the expense of those they cheated.
This is the where they talk so much about high moral, transparency and accountability but are now caught with their pants down. The West, themselves, rotten to the core.These are the crooks and scoundrels of the financial world, the money mincing machines that not only bankrupted their own companies but other innocent individuals and countries.
Below are some articles that decried the unpleasant and unconscionable action of those people whom we placed our trust in.
Are executives villains or morons?
In the past few months, we've been riveted and disgusted by the exploits of scamsters like Bernard Madoff and Allen Stanford (characters who, if they didn't exist, would have to be invented by Tom Wolfe). It's both easy and convenient to hold them up as the ultimate symbols of the just-ended boom. But we shouldn't. While there was some crime in the mortgage industry, law-abiding, respectable, upstanding citizens caused the overwhelming majority of financial losses suffered thus far. Skeezy money managers and mobbed-up boiler rooms didn't create the economic catastrophe. Read more....
There are plenty of people who contributed to the sad state of our economy. But when it comes to bad decision making, these seven folks arguably deserve the bulk of the blame. (Want to add to this hall of shame? Follow the e-mail link at the end of this gallery.)