Greed isn't good.(FINANCE)

Sojourners Magazine | November 1, 2008| | Copyright

A telling word emerged in commentary about the collapse of the financial markets this fall--greed. It's an old concept, and one with deep moral roots. Even venerable establishment economists such as Robert Samuelson said, "Greed and fear, which routinely govern financial markets, have seeded this global crisis.... short-term rewards blinded them to the long-term dangers."

The people on top of the American economy get rich whether they make good or bad business decisions, but their bad choices always make workers and consumers suffer. Prudent investment has been ...

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