Big banks prefer making multimillion-dollar loans to large corporations instead of small-businesses because the fee income is greater and it allows them to hire experts in industries that they want to target.
The principles of clarity, transparency, accountability, and protecting the common good against private greed are not just economic policy matters. On a more transcendent level, they provide the metrics of real repentance.
A recent statement by Corzine, labeling Goldman an industry leader, speaks volumes about how Americans feel about our financial institutions. No, Governor Corzine, its not about envy. Its about character.