Steven Mintz Comments On My Post – “Business Confidence Ratings”
Steven Mintz commented on one of my posts. The comment is below. I pass on comments from time to time, and my suspicion is that I will have the pleasure of doing so many times in this gentleman’s case. He has his own web site.
I just saw the movie “Inside Job” that explores the failures in the banking industry and how it created the financial services-driven recession in 2008. I highly recommend the movie to learn more about how and why the banking and financial services industry was able to bring down the economy. After seeing the movie I wonder why the bank confidence level isn’t even lower!
I have recommended the film myself. Here is the trailer –
You should read Steven Mintz, he knows his subject. He fights for ethics. He calls his site, The Ethics Sage.
From around the web –
From the web site, LeakSource:
“Inside Job” provides a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. Through exhaustive research and extensive interviews with key financial insiders, politicians, journalists, and academics, the film traces the rise of a rogue industry which has corrupted politics, regulation, and academia. It was made on location in the United States, Iceland, England, France, Singapore, and China.
From the web site, Poets and Quants:
The film sparked a debate about conflict of interest policies at Columbia, prompting the administration to reexamine the issue and leading the campus newspaper, The Columbia Spectator, to write a series of stories on the university’s conflict of interest rules. Among other things, the newspaper reported that some peer institutions have more comprehensive disclosure policies than Columbia’s. These schools include the University of Chicago, the University of Pennsylvania, Northwestern University, and Stanford University. Those schools require faculty members to disclose their consulting activities—including those unrelated to academic research—on annual, confidential forms.
Under Columbia’s new policy, Business School professors will be required to publicly disclose all outside activities—including consulting—that create or appear to create conflicts of interest. The new policy requires B-school professors to publish up-to-date curricula vitae, including a section on outside activities, on their Columbia webpages. They will be mandated to list all outside organizations to which they have provided paid or unpaid services during the past five years, including but not limited to consulting work, research, membership on a company’s board, and expert witness testimony. They will also have to describe the nature of those services.
And finally, from the web site, Video Rebel’s Blog:
From filmmaker Charles Ferguson comes this sobering, Oscar-winning documentary that presents in comprehensive yet cogent detail the pervasive and deep-rooted corruption that led to the global economic meltdown of 2008. Through unflinching interviews with key financial insiders, politicos, journalists and academics, Ferguson paints a galling portrait of an unfettered financial system run amok — without accountability.