Corrupt Institutions: Wall Street


	Corrupt Institutions: Wall Street

baydawg

1-3-2009 2:05 PM

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tags:

institutions, power, corruption, catholic church, wall street, moral authority

baydawg says:

Interesting comparison of catholic corruption and wall street corruption.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/e75fe989-d873-41eb-a038-c6c5dead6742/F6A1FB48-6986-4EE4-8AF4-7E537543D1F9/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blog.beliefnet.com/crunchycon/2009/01/wall-street-the-new-catholic-c.html" href="http://blog.beliefnet.com/crunchycon/2009/01/wall-street-the-new-catholic-c.html" style="font-size: 11px;">blog.beliefnet.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.beliefnet.com/crunchycon/2009/01/wall-street-the-new-catholic-c.html">the writer argues that the revelations of gross immorality, irresponsibility and even criminality among the institutional Catholic Church are about to be repeated among those who ran US financial institutions. People have no idea how deep the corruption went, he writes -- but we'll learn in 2009. Some will no doubt resent the comparison, but I think it's a legitimate one: we'll learn what happens to the moral authority and legal status of a trusted bedrock social institution whose leaders behaved with shocking recklessness. What protected the Catholic bishops from the deserved wrath of Catholics was the deep reserve of unwillingness of ordinary Catholics to believe the worst of them. I don't see that Wall Street bigs can count on piety as a hedge against reality.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.beliefnet.com/crunchycon/2009/01/wall-street-the-new-catholic-c.html">"Power is now seen as corporate. So the next outburst of creedal passion may be against hegemonic corporate capitalism."</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/F6A1FB48-6986-4EE4-8AF4-7E537543D1F9/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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