Lack Of Ethics On Wall Street And In Washington

The US Treasury Department will be receiving repayment of about $68 billion in bail-out money. Whether or not an associated $5 billion in warrants will be collected is another issue. Humungous Bank & Broker (HB&B) is now saying they didn’t need these funds in the first place and the government made them take it.

http://online.wsj.com/article/SB124455528999797923.html?mod=googlenews_wsj

The mind boggles at the lack of ethics that exists on Wall Street and in Washington.

The TARP has been a real eye-opener for Americans. I believe that many Americans are now thinking to themselves ‘what’s good for the goose is good for the gander’ and that HB&B will take many years to recover from their loss of reputation and business that will come from this.

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