Saturday, October 11, 2008


From William Cohan's report in

"Detoxification is never a pleasant experience, as any addict can attest. But during the cleansing period, there is always the hope that on the other side lay the chance for a fresh beginning. The time has come for what remains of Wall Street to return to the period when banks knew their borrowers, when bankers and traders were held accountable for their actions through some form of shared liability, and where compensation was a reflection of the actual contribution to society discounted for future disasters rather than a short-term grab for riches.

Only then will the graduating class of Harvard Business School—always a harbinger—choose professions other than those whose main criteria for success seems to be nothing more than the ability to push paper around."

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