Corporate Corruption: The Spreading Scourge
Speaking of bringing bad things to life, Eduardo Porter writes in the business section of The New York Times:
Company executives are paid to maximize profits, not to behave ethically. Evidence suggests that they behave as corruptly as they can, within whatever constraints are imposed by law and reputation….
And the furious rush of corporate cash into the political process — which differs from bribery in that companies pay politicians to change laws rather than bureaucrats to ignore them — is unlikely to foment ethical behavior.
Read the story here.
Market share among U.S. banks
Source: http://www.nytimes.com/imagepages/2011/12/11/magazine/11economy2.html?ref=magazine.
From the same issue of the Times, Gretchen Morgenson's excellent piece on TBTF (too big to fail):
Reducing the perils of gargantuan institutions — and the threat to taxpayers — is an idea that seems to be taking hold in Washington. To be sure, the army arguing for change is far outgunned by the battalions of bankers and lobbyists working to maintain the status quo. But some combatants seeking reform believe they are making headway.
Read it here.
