esrosedotblog

VALUES

And more about financial reform and its appeal as a subject of common vision influence.

Robert J. Samuelson in a column.

It's unclear whether the Securities and Exchange Commission can prevail over Goldman Sachs in court. Goldman's legal obligations in this complex and contested transaction are murky. But whatever happens in court, the complaint against Goldman represents a watershed. It challenges a moral transformation on Wall Street that has justified behavior that most people would regard as deceptive or dishonest. [...]

A court will presumably decide the legal issues. But the moral question is more insistent.

This will add to the urgency of the bill and regulation as a moral issue. Values are aroused in this kind of influence attempt.

I don't always agree with Samuelson. Actually, hardly ever. He is not a relative of the famous Economics author Paul Samuelson who just died this past year. Paul was a progressive. Robert J. is mostly regressive.

So here is where we meet in our common ground. Morals. Values. Agreement in principle.

Labels: Administration Obama, economy