Mindset on profit margins unhealthy for the economy
We should have known that ignorance and stupidity did not create the mortgage debacle that brought down the nation’s economy [“SEC says Goldman Sachs misled investors,” page one, April 17].
The ethical void that could have led Paulson & Co. to profit by betting against homebuyer is the same one that could propel investors to buy Goldman Sachs now. Who cares if the company is corrupt? There’s money to be made. If that is all we, the public, care about — making money — then a corrupt economy is what we deserve.
Until we begin basing investment decisions not only on companies’ profit potential, but on their honor and contributions to humanity as well, we will not experience a true recovery.
— Edie Lau, Poulsbo