JAI SHAH BIG ESSAY 2 - PRICE OF MORALITY IN BUSINESS

But is there one the problem has arisen because there

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Unformatted text preview: if your gain’ to the clients he is selling to. It is this irony that made the public, or investors, angry, because they were knowingly sold valueless stocks. However, it is easy to blame bankers as the only people who are morally wrong for acting selfishly. We must remind ourselves why the clients of banks invest so heavily in the banks in the first place, knowing that the investments carry significant risks. Consumers also act greedily. They know that based on their values, they do not ‘need’ more money. They do not ‘need’ to create a mortgage for their second summer homes. They do not ‘need’ to raise money so that they can buy Bentleys. They are putting their money in the hands of bankers because they desire these material goods. During Margin Call, Will Emerson says ‘People wanna live like this in their cars and big fuckin' houses they can't even pay for, then you're necessary. The only reason that they all get to continue living like kings is cause we got our fingers on the scales in their favor. I take my hand off and then the whole world gets really fuckin' fair really fuckin' quickly and nobody actually wants that. They say they do but they don't. They want what we have to give them but they also wanna, you know, play innocent and pretend they have no idea where it came from. Well, that...
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