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Richard Schiffman: Do the Wealthy Lie, Cheat and Steal More Than the Rest of Us?

The insane feeding frenzy on Wall Street prior to the crash may be less about greed than a species of machismo. Money, for the rich, is not just a medium to purchase things; it is a measure of status in that rarefied world where you are judged by the heft of your take home pay.
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Are wealthy people more likely to be liars?

Business & Finance : The Week: U.S. Business (3 years ago)

The rich are more likely to lie, cheat, drive rudely, support unethical behavior at work, and, yes, even "steal candy from a baby," according to a new study published in the Proceedings of the National Academy of Sciences. Social ps... Read Post

Why Wall Street is betting on Republicans to take the Senate

Business & Finance : Ezra Klein (8 hours ago)

Wall Street is pumping more money into Republican campaigns this election cycle, betting that a flip in the Senate could usher in revisions to a key financial reform law. In past cycles, aside from the last presidential election, se... Read Post

Well, There's Your Problem Right There (Politicians Are Incentivized to Bail Out Wall Street and Wage War)

Business & Finance : Zero Hedge (3 years ago)

Well, there's your problem right there... I've repeatedly pointed out that Wall Street executives are incentivized to lie, cheat and steal. So - of course - they will continue to lie, cheat and steal. I've repeatedly noted that Wall... Read Post


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