Thought For The Day

  • Thought For The Day

    Moral Obligation

    If you are one of those individuals who is keeping up with the Washington/Wall Street saga, you may find information filtering down to you (as I do) about the Senate Investigative Committee which is Chaired by Carl Levin of Michigan. Good old Carl was pressing one of the Goldman Sachs executives when, according to Associated Press, he asked as follows – “whether the Company had a moral obligation to disclose to clients that it was making side bets against the same investments it was selling them?” It got me wondering (as usual) whether the Senate of the United States of America has a moral obligation to disclose to the American…