Financial Talkers in Hot Water

[jerry367]

There seems to be a growing list of financial talk hosts finding themselves in the midst of an FBI raid?

Does the predatory mentality of some financial types lend itself to a predilection to use radio to further their gains?

[josh]

   The problem is the mind-set of business schools.  It doesn't matter which one, ALL they teach about is making money the most money, increasing profits, etc.

   There ought to be a system set-up that requires CEOs, traders, etc., to take continuing education classes just like high school teachers are forced to take. 

    To become a highly qualified CEO, broker/trader, one would have to take courses in ethics, etc.,  then as as part of their practicum experience  they would : visit homeless shelters, live on the streets for a week, live with a family for a month that's going thru the eviction process,  experience incarceration first hand etc... all these practical experiences will help develop their character so they won't make mistakes like AIG, etc made.

[Goat Rodeo Cowboy]

      There ought to be a system set-up that requires CEOs, traders, etc., to take continuing education classes just like high school teachers are forced to take. 

Many of us share your wish that more of the business world would give evidence they understand ethics, fair play, equity among stake-holders in the economy.

Consider this.  There is one group of investors who have been identified as the group shaking their fist at the investment managers and traders and DEMANDING  better and better returns?  And who might that group be?  The fund managers for retirement plans for school teachers along with other state employees. 

So much for the idea that the ethics of high school teachers might save the world.

If Federal investigators are indeed poking around the files of finance broadcasters,  let's see where else their investigation takes us.