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Friday, March 16, 2012

A writer's appeal to the UN: Treat the global financial crisis as a human rights crisis

The TED spread – an indicator of credit risk –...
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A writer's appeal to the UN: Treat the global financial crisis as a human rights crisis:

 As we learn more about the behavior within our financial institutions, we see that just about everyone accepted a reckless system that rewards transactions but rejects responsibility for the consequences of those transactions. Bankers, brokers, and financial specialists were all willing participants in a self-centered business model that celebrates what's good for organization insiders while dehumanizing and distancing everyone else—the outsiders.

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