Often, people will look at a high-profile example of corruption, and conclude that the egregious act is an exception to the rule. In reality, it might be the tip of the iceberg.
Shock waves from Judge Jed Rakoff's scathing denunciation of a proposed settlement between the SEC and the Bank of America are still rippling through Wall Street and Washington.
The truth is the future of our society lies in the apathetic hands of my generation and the one below. And quite honestly that frightens me.
Sociologists tell us that deviance plays a positive role for society. Deviance shows us what happens with you cross certain boundaries - as well as what and where those boundaries are.
Bank of America executives were paid $5.8 billion in bonuses when they merged with Merrill Lynch. Shareholders were not merely misled by the banks, but fed a bold-faced lie.
Some called Beverly Hills financial adviser Stanley Chais an investment wizard, but in reality he was nothing more than a glorified middleman, channeling hundreds of millions of dollars in investors' funds to Bernie Madoff in New York.
Poetry is a direct route to the riches of the interior life. It is available to everyone at any hour of the day or night, and it doesn't cost a thing.
It seems pity is all too often reserved for people who commit acts of absolute, irrevocable evil. The worse the offense, the more automatic must be the mercy towards the perpetrator.
Imagine if Bernie Madoff were to have cancer and he were to be released like the Lockerbie killer? There would, no doubt, rightly be outrage in the streets.
I've got a few object lessons in American economic theory for you. This is the kind of stuff that makes us who we are, these are the economic principals that have separated us from the rest of the world.
We must help the President and Congress do what we sent them to Washington to do: reform healthcare insurance coverage in the U.S. now. Even faith demands it. Doesn't it?
For 25 years, you've taken the life savings from the elderly, the charitable, your best friends and their families. Suddenly you don't have the moxie to make a clean getaway? Why didn't these guys run away?
Last week, I wrote how Piedrahita, the major shareholder of a feeder fund that lost $7 billion of investors' money to Bernie Madoff, was summering on his new yacht. This week, he's off the yacht.
Given what we now know, thanks to the efforts of Andrew Cuomo, one might well ask: are all scams created equally, or are some scams more equal than others?
We are all victims of a deregulatory Tsunami that has been in process in order to make the "big guys bigger."
Philip Roth called it right when he said, "We now live in an age in which the imagination of the novelist lies helpless before what he knows he will read in tomorrow morning's newspaper."