Sheila Bair: Why I wrote ‘Bullies of Wall Street’

(original source Yahoo! Finance)

“Sheila Bair was chair of the Federal Deposit Insurance Corporation from 2006-2011, a period in which the U.S. faced the worst financial crisis since the Great Depression. She is author of several books, including her latest, “Bullies of Wall Street.”

“Reap what you sow.” Many of us remember hearing that in church as we were growing up, but in fact, it is a universal teaching in all religions. Innately, we know it’s only right for people to enjoy the benefits that flow from their own ideas and hard work. It’s equally important for people to accept the consequences when they fail. If a student goes to class and studies hard, he should get a good grade. If he slacks off, he shouldn’t.  Not only is this principle morally right, it also provides practical benefits to society. Knowing that we will benefit (or suffer) from the results of our own behavior encourages us all to do our best.”

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