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Interview With Former JPMorgan Director John Fullerton


Business  (tags: abuse, americans, banks, business, consumers, corporate, corruption, cover-up, debt, dishonesty, economy, energy, environment, ethics, farming, finance, foreclosures, government, investments, labor, law, lies, marketing, money, oil, politics, society )

Kit
- 647 days ago - truth-out.org
Morality and self-interest are hopelessly at odds; add planetary crisis to the picture, and we're "lost," said one former JPMorgan executive I had a chance to interview last month.--Video and transcript --



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Comments

JL A. (269)
Thursday July 12, 2012, 8:58 am
seems time to transform the relationship equation to a win-win one--like with B Corps becoming the norm
 

Camila K. (141)
Thursday July 12, 2012, 4:08 pm
Thanks Kit. I hope we get to see this banking system taken completely apart and redone in our liftetimes.
The Federal Reserve is another place of curious things happening. This Federal Reserve needs to become more clear as to who exactly runs it, and how it is operated, because, frankly, I suspect that this syndicate is just part of the bigger, most ugly picture of all that the American people have no clue about........yet.
 

Tal H. (8)
Thursday July 12, 2012, 7:28 pm
Thanks for the article.
 

Gene Jacobson (233)
Friday July 13, 2012, 10:27 am
And yet, Jamie Dimon still insists no further regulation is necessary. After promising no more risky trading a few years ago and then earlier this year being caught doing exactly the same thing again. The article is right morality and self-interest ARE mutually exclusive among the morally bankrupt financial, and many other, industries. You do NOT let the fox guard the chicken coop. We have known this forever, yet we keep letting industries that have repeatedly demonstrated their utter inability to police themselves do exactly that. That is malfeasance on the part of our economic system which is controlled by our Congress to which the same statement applies - morality and self-interest are mutually exclusive. Outside watchdog groups with no real authority are not the answer, but we DO need one. Or we are doomed to keep repeating the same mistakes with different players over and over. How is that acceptable to anyone with any moral sense at all?
 

june t. (62)
Friday July 13, 2012, 3:43 pm
these are scary times indeed
 
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