There is a clear role for the Treasury, and senators should use today's hearing to clarify it. If the Treasury has a responsibility to coordinate and ensure regulatory oversight of U.S. financial institutions, then what is it doing to ensure financial regulators provide stronger oversight?
Spalding Gray's Morning, Noon and Night is charming and disarming. I kept wondering how this book could be so engrossing while being so deceptively simple. I think there are two things that are going on.
Craig Zobel's Compliance may be the creepiest movie of the year. It has no physical violence, no sex, barely even a raised voice -- and yet it burrows into your brain and keeps burrowing, the longer you watch.
It does not qualify as leadership when an organization is satisfied at being among the best (or is the best) at meeting the minimum standards. Relying on the failure or malfeasance of others in your space is not a valid business model.
Indeed, if (in the sagacious words of Spiderman: The Movie) "with great power comes great responsibility," then the unprecedented power of today's large corporations places on them corresponding responsibilities to people affected by their actions.
If the hyper-classified CIA recognizes the need for an internal review of its pre-clearance process, why doesn't the State Department? If the military can co-exist without pre-clearance restraints on blogs, why can't State?
All this time Charlie was certain that if he spoke up for himself, things would get worse. Instead, he discovered that Esther was very open to hearing his feelings and experience when it was in the moment.
Wall Street has long forgotten how to spell "ethical" or "good," and replaced it with "compliant" and "legal."
The time has come to explain to investment banks what their responsibility and accountability are.
Has the time come to reverse Reagan's saying and declare "Verify, but trust"? Even David Kay, who led inspections in Iraq, believes that for a weapons-inspection program to work, "a prerequisite is trust."