How Ethics Disappear | Sun Journal

How ethics disappear | financial, fellow, decided – Columns – Sun Journal

More opinions weigh in on Dodd and Conrad and Countrywide…

Something else seems to have escaped these two U. S. senators – namely, that they are U.S. senators. Which means their getting a loan at a preferential rate through the head of a corporation like Countrywide, which was very much dependent on favorable treatment by the government before it came crashing down at great expense to the taxpayers, is quite different from a private citizen’s getting a mortgage at the same preferential rate.

Why? Because the private citizen is in no position to return the favor through political influence. Which is why the ethical standards expected of public officials are higher. Or at least should be. That crucial distinction used to be well understood. I’m not so sure it is now.

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