Thanks for linking to my article on the topic and taking it for what it was. There’s a lot of fundamental issues that need sorting out but I would agree with your statement on character.

If education can help with character development, that would be great and then a MBA education would then have been a worthy investment toward one’s personal development.

Cheers,

In India, barbers have a code of ethics, as do people providing other services. Its a culture, its a way of life, it gives people of the same profession cause to connect and an ethic to strive towards.

Cara’s opinion is skewed. To not sign a ‘good’ document because by virtue of signing it you are admitting to have been ‘bad’ just sounds like what a rebellious child would say to his mother.

Grow up you people.

I’ll stay away from an anti-government rant, but as I look at the financial crisis, it’s clear that there needs to be more thought about unintended consequences of legislation. To me, it’s pretty clear that the majority of the crisis began at two places: the removal of the Glass-Steagall Act and HUD requiring Fannie and Freddie to buy a certain minimum percentage of “affordable” mortgages (sub-prime).

Once you set those two ideas in motion, the repeal of Glass-Steagall setting the framework for creating new financial instruments and companies playing on several sides of transactions, and giving banks the ability to increase mortgage sales through Freddie and Fannie sub-prime purchase guarantees, a game of “hot potato” on passing the risk was inevitable.